Headlands Technologies LLC Buys Shares of 5,380 iShares Gold Trust (NYSEARCA:IAU)

Headlands Technologies LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,380 shares of the exchange traded fund’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IAU. Tucker Asset Management LLC increased its stake in shares of iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares in the last quarter. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the 4th quarter valued at $27,000. Wintrust Investments LLC purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners bought a new position in shares of iShares Gold Trust in the fourth quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $40,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 2.3 %

Shares of NYSEARCA IAU opened at $57.26 on Friday. The company has a market cap of $41.37 billion, a P/E ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 52 week low of $43.05 and a 52 week high of $59.15. The business has a 50-day simple moving average of $55.42 and a two-hundred day simple moving average of $52.05.

iShares Gold Trust Company 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.