Davis R M Inc. Has $234,000 Stake in iShares Gold Trust (NYSEARCA:IAU)

Davis R M Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,725 shares of the exchange traded fund’s stock after selling 279 shares during the period. Davis R M Inc.’s holdings in iShares Gold Trust were worth $234,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Compass Financial Services Inc bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $27,000. Archer Investment Corp raised its stake in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC raised its stake in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU opened at $55.30 on Thursday. The company has a market cap of $37.53 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The firm has a 50 day simple moving average of $53.15 and a 200 day simple moving average of $50.91. iShares Gold Trust has a fifty-two week low of $40.64 and a fifty-two week high of $55.70.

iShares Gold Trust Company 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.