Eq LLC Makes New $2.28 Million Investment in iShares Gold Trust (NYSEARCA:IAU)

Eq LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,054 shares of the exchange traded fund’s stock, valued at approximately $2,280,000. iShares Gold Trust accounts for approximately 1.1% of Eq LLC’s holdings, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in IAU. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the fourth quarter valued at $27,000. Archer Investment Corp raised its holdings in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth about $40,000. Finally, Valued Wealth Advisors LLC increased its position in iShares Gold Trust by 65.7% during the 4th 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 in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $54.97 on Wednesday. The firm has a market capitalization of $37.31 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a one year low of $38.31 and a one year high of $55.70. The company’s 50 day moving average price is $51.96 and its 200 day moving average price is $50.33.

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.