FineMark National Bank & Trust Has $5.49 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

FineMark National Bank & Trust grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,791 shares of the exchange traded fund’s stock after purchasing an additional 6,360 shares during the period. FineMark National Bank & Trust’s holdings in iShares Gold Trust were worth $5,485,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Compass Financial Services Inc acquired a new stake in iShares Gold Trust during the fourth quarter worth approximately $27,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth $29,000. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the fourth quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC lifted 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 purchasing an additional 333 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 0.5 %

IAU stock opened at $56.70 on Tuesday. The company’s 50-day moving average price is $54.23 and its two-hundred day moving average price is $51.47. The firm has a market cap of $40.62 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 12 month low of $41.05 and a 12 month high of $57.59.

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.