iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,876 shares of the exchange traded fund’s stock after acquiring an additional 27,088 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Gold Trust were worth $10,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Jordan Park Trust Co LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at $923,000. Pillar Financial Advisors LLC purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at $281,000. Lifeworks Advisors LLC lifted its holdings in shares of iShares Gold Trust by 18.1% during the fourth quarter. Lifeworks Advisors LLC now owns 171,742 shares of the exchange traded fund’s stock valued at $8,503,000 after purchasing an additional 26,290 shares during the last quarter. HM Payson & Co. boosted its position in shares of iShares Gold Trust by 49.3% in the 4th quarter. HM Payson & Co. now owns 1,136 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 375 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in iShares Gold Trust by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 975,030 shares of the exchange traded fund’s stock worth $48,274,000 after buying an additional 24,640 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $54.91 on Friday. The company has a 50-day moving average of $52.82 and a two-hundred day moving average of $50.75. The stock has a market cap of $37.26 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a one year low of $40.63 and a one year high of $55.70.

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.