1,599 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,599 shares of the exchange traded fund’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust in the fourth quarter valued at $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter valued at $29,000. Financial Life Planners bought a new position in shares of iShares Gold Trust in the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter valued at $40,000. Finally, Valued Wealth Advisors LLC increased 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 valued at $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

NYSEARCA IAU opened at $56.97 on Friday. The stock has a market capitalization of $40.81 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 1 year low of $41.05 and a 1 year high of $57.59. The business’s fifty day moving average is $54.10 and its two-hundred day moving average is $51.37.

About iShares Gold Trust

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.