Bcwm LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 232,432 shares of the exchange traded fund’s stock, valued at approximately $11,508,000. iShares Gold Trust accounts for 4.1% of Bcwm LLC’s investment portfolio, making the stock its 3rd biggest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in IAU. Tucker Asset Management LLC grew its holdings in iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust during the 4th quarter worth about $27,000. Wintrust Investments LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at about $29,000. Financial Life Planners acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in iShares Gold Trust in the fourth quarter worth approximately $40,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 0.8 %
Shares of IAU opened at $58.13 on Friday. The business’s fifty day moving average is $54.75 and its 200 day moving average is $51.72. iShares Gold Trust has a 12-month low of $42.15 and a 12-month high of $58.24. The stock has a market cap of $41.64 billion, a P/E ratio of -34.13 and a beta of 0.20.
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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