Assetmark Inc. Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Assetmark Inc. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 526,562 shares of the exchange traded fund’s stock after purchasing an additional 43,079 shares during the period. Assetmark Inc. owned 0.08% of iShares Gold Trust worth $26,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Triad Wealth Partners LLC bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $1,609,000. Cypress Capital Group grew its stake in shares of iShares Gold Trust by 16.5% during the fourth quarter. Cypress Capital Group now owns 118,702 shares of the exchange traded fund’s stock valued at $5,877,000 after buying an additional 16,782 shares during the last quarter. Keybank National Association OH grew its stake in shares of iShares Gold Trust by 3.3% during the fourth quarter. Keybank National Association OH now owns 3,262,769 shares of the exchange traded fund’s stock valued at $161,540,000 after buying an additional 104,816 shares during the last quarter. Ariston Services Group grew its stake in shares of iShares Gold Trust by 0.3% during the fourth quarter. Ariston Services Group now owns 161,712 shares of the exchange traded fund’s stock valued at $8,006,000 after buying an additional 415 shares during the last quarter. Finally, Signify Wealth grew its stake in shares of iShares Gold Trust by 7.0% during the fourth quarter. Signify Wealth now owns 69,176 shares of the exchange traded fund’s stock valued at $3,425,000 after buying an additional 4,496 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $55.17 on Thursday. iShares Gold Trust has a one year low of $40.33 and a one year high of $55.70. The stock has a market cap of $37.44 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The stock’s 50 day moving average price is $52.61 and its 200-day moving average price is $50.64.

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.