North Forty Two & Co. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,129 shares of the exchange traded fund’s stock, valued at approximately $501,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust during the fourth quarter worth $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners bought a new position in shares of iShares Gold Trust during the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC raised its holdings 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 acquiring an additional 333 shares during the period. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Up 1.1 %
Shares of NYSEARCA:IAU opened at $57.27 on Wednesday. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $57.33. The company’s fifty day simple moving average is $53.69 and its 200 day simple moving average is $51.19. The firm has a market cap of $41.03 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20.
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.
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