Sincerus Advisory LLC Buys Shares of 5,058 iShares Gold Trust (NYSEARCA:IAU)

Sincerus Advisory LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,058 shares of the exchange traded fund’s stock, valued at approximately $250,000.

A number of other hedge funds also recently modified their holdings of the stock. Red Crane Wealth Management LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $3,906,000. Impact Investors Inc purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $7,906,000. EQ LLC bought a new position in iShares Gold Trust in the 4th quarter worth approximately $2,280,000. Bradley & Co. Private Wealth Management LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $984,000. Finally, FFT Wealth Management LLC raised its holdings in iShares Gold Trust by 23.1% during the 4th quarter. FFT Wealth Management LLC now owns 12,893 shares of the exchange traded fund’s stock valued at $638,000 after acquiring an additional 2,422 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $54.97 on Wednesday. The firm has a market capitalization of $37.31 billion, a P/E 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 business has a fifty day moving average price of $51.96 and a 200-day moving average price of $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.