May Barnhard Investments LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

May Barnhard Investments LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,950 shares of the exchange traded fund’s stock, valued at approximately $443,000.

Several other large investors have also modified their holdings of IAU. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $27,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $29,000. Archer Investment Corp grew its position in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $40,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU stock opened at $56.27 on Friday. The firm has a market capitalization of $38.19 billion, a PE ratio of -33.32 and a beta of 0.20. The company’s 50 day simple moving average is $53.27 and its 200-day simple moving average is $50.94. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $56.59.

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.