PDS Planning Inc Acquires 275 Shares of iShares Gold Trust (NYSEARCA:IAU)

PDS Planning Inc increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,466 shares of the exchange traded fund’s stock after acquiring an additional 275 shares during the period. PDS Planning Inc’s holdings in iShares Gold Trust were worth $617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $29,000. Financial Life Planners bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its stake 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 buying an additional 333 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $57.27 on Wednesday. The firm’s 50 day moving average price is $53.69 and its 200-day moving average price is $51.19. The company has a market cap of $41.03 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52-week low of $40.64 and a 52-week high of $57.33.

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.