Maridea Wealth Management LLC Makes New $346,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Maridea Wealth Management LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,986 shares of the exchange traded fund’s stock, valued at approximately $346,000.

Other institutional investors have also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in iShares Gold Trust during the 4th quarter worth approximately $27,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $29,000. Financial Life Planners purchased a new position in shares of iShares Gold Trust during the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust during the fourth quarter valued at $40,000. Finally, Valued Wealth Advisors LLC boosted its holdings in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $58.13 on Friday. The business’s 50-day moving average is $54.75 and its two-hundred day moving average is $51.72. The company has a market capitalization of $41.64 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a fifty-two week low of $42.15 and a fifty-two week high of $58.24.

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.