Keystone Financial Group Purchases New Stake in iShares Gold Trust (NYSEARCA:IAU)

Keystone Financial Group acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,512 shares of the exchange traded fund’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC grew its stake in 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 acquired a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $27,000. Wintrust Investments LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $29,000. Financial Life Planners bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $40,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $60.96 on Monday. iShares Gold Trust has a 12 month low of $43.05 and a 12 month high of $61.22. The company has a fifty day moving average price of $56.18 and a two-hundred day moving average price of $52.49. The company has a market cap of $44.04 billion, a PE ratio of -35.73 and a beta of 0.17.

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.