OLD Point Trust & Financial Services N A acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,250 shares of the exchange traded fund’s stock, valued at approximately $507,000.
Several other hedge funds also recently bought and sold shares of IAU. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $27,000. Wintrust Investments LLC bought a new stake in iShares Gold Trust during the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 333 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Up 0.4 %
Shares of IAU stock opened at $57.51 on Thursday. The company has a market capitalization of $41.20 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 12-month low of $40.68 and a 12-month high of $57.59. The firm has a fifty day moving average of $53.83 and a 200-day moving average of $51.23.
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.
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