Berkeley Capital Partners LLC Purchases 310 Shares of iShares Gold Trust (NYSEARCA:IAU)

Berkeley Capital Partners LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,570 shares of the exchange traded fund’s stock after acquiring an additional 310 shares during the period. Berkeley Capital Partners LLC’s holdings in iShares Gold Trust were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Quadrant Private Wealth Management LLC raised its holdings in iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares in the last quarter. TPG Advisors LLC increased its stake in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after acquiring an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in shares of iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after acquiring an additional 212 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares in the last quarter. Finally, Howard Financial Services LTD. increased its stake in shares of iShares Gold Trust by 3.2% in the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock worth $397,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $57.51 on Thursday. The company has a 50-day moving average of $53.83 and a 200 day moving average of $51.23. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 1 year low of $40.68 and a 1 year high of $57.59.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.