iShares Gold Trust (NYSEARCA:IAU) Stock Position Lifted by HUB Investment Partners LLC

HUB Investment Partners LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 28.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,740 shares of the exchange traded fund’s stock after buying an additional 1,265 shares during the quarter. HUB Investment Partners LLC’s holdings in iShares Gold Trust were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the fourth quarter valued at approximately $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust during the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC increased its position in 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. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $56.97 on Friday. The stock has a market capitalization of $40.81 billion, a P/E ratio of -34.13 and a beta of 0.20. The business has a 50-day moving average of $54.10 and a two-hundred day moving average of $51.37. iShares Gold Trust has a fifty-two week low of $41.05 and a fifty-two week high of $57.59.

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.