Arrien Investments Inc. bought a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,500 shares of the exchange traded fund’s stock, valued at approximately $396,000. iShares Gold Trust accounts for approximately 0.3% of Arrien Investments Inc.’s holdings, making the stock its 28th biggest holding.
Other institutional investors and hedge funds have also modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of iShares Gold Trust in the 4th quarter worth $27,000. Wintrust Investments LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth $29,000. Financial Life Planners bought a new stake in shares of iShares Gold Trust in the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares during the period. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU opened at $56.29 on Monday. iShares Gold Trust has a one year low of $40.64 and a one year high of $56.53. The firm has a market capitalization of $40.33 billion, a P/E ratio of -34.13 and a beta of 0.20. The business has a fifty day moving average of $53.40 and a 200 day moving average of $51.05.
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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