4,925 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Dagco Inc.

Dagco Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, HoldingsChannel reports. The firm bought 4,925 shares of the exchange traded fund’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAU. Tucker Asset Management LLC grew its stake in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares during the period. Compass Financial Services Inc bought a new position in iShares Gold Trust during the 4th quarter worth approximately $27,000. Wintrust Investments LLC bought a new position in iShares Gold Trust in the fourth quarter worth about $29,000. Financial Life Planners acquired a new position in iShares Gold Trust during the 4th quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $60.96 on Monday. The stock has a market cap of $44.04 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 1 year low of $43.05 and a 1 year high of $61.22. The business has a fifty day moving average of $56.18 and a 200-day moving average of $52.49.

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.