Insight 2811 Inc. Has $205,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Insight 2811 Inc. lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,145 shares of the exchange traded fund’s stock after selling 475 shares during the quarter. Insight 2811 Inc.’s holdings in iShares Gold Trust were worth $205,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IAU. TIAA Trust National Association lifted its holdings in iShares Gold Trust by 2.6% in the 4th quarter. TIAA Trust National Association now owns 722,196 shares of the exchange traded fund’s stock worth $35,756,000 after purchasing an additional 18,333 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of iShares Gold Trust by 6.1% in the fourth quarter. FineMark National Bank & Trust now owns 110,791 shares of the exchange traded fund’s stock valued at $5,485,000 after purchasing an additional 6,360 shares during the period. Ashton Thomas Securities LLC lifted its stake in shares of iShares Gold Trust by 540.7% in the fourth quarter. Ashton Thomas Securities LLC now owns 21,240 shares of the exchange traded fund’s stock worth $1,052,000 after buying an additional 17,925 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 23.9% during the 4th quarter. Modern Wealth Management LLC now owns 157,155 shares of the exchange traded fund’s stock worth $8,625,000 after buying an additional 30,272 shares during the period. Finally, Meridian Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 11.1% during the 4th quarter. Meridian Wealth Advisors LLC now owns 473,052 shares of the exchange traded fund’s stock worth $23,421,000 after buying an additional 47,110 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $56.70 on Tuesday. The company has a market capitalization of $40.62 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a one year low of $41.05 and a one year high of $57.59. The company’s fifty day moving average price is $54.23 and its 200 day moving average price is $51.47.

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.