Trek Financial LLC Buys 15,433 Shares of iShares Gold Trust (NYSEARCA:IAU)

Trek Financial LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 44.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 50,037 shares of the exchange traded fund’s stock after acquiring an additional 15,433 shares during the period. Trek Financial LLC’s holdings in iShares Gold Trust were worth $2,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IAU. Wedbush Securities Inc. boosted its holdings in shares of iShares Gold Trust by 34.4% during the 4th quarter. Wedbush Securities Inc. now owns 42,782 shares of the exchange traded fund’s stock valued at $2,118,000 after acquiring an additional 10,945 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Gold Trust by 200.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after acquiring an additional 7,194,721 shares during the period. Perennial Investment Advisors LLC boosted its position in iShares Gold Trust by 178.8% in the fourth quarter. Perennial Investment Advisors LLC now owns 26,971 shares of the exchange traded fund’s stock worth $1,335,000 after purchasing an additional 17,296 shares during the last quarter. KCM Investment Advisors LLC grew its stake in shares of iShares Gold Trust by 15.5% during the 4th quarter. KCM Investment Advisors LLC now owns 15,915 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 2,132 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $9,717,000. 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 Monday. The firm’s 50 day moving average price is $55.42 and its 200-day moving average price is $52.10. The stock has a market capitalization of $41.37 billion, a PE ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $59.15.

About iShares Gold Trust

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.