Compass Financial Group INC SD purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,209 shares of the exchange traded fund’s stock, valued at approximately $200,000.
A number of other hedge funds and other institutional investors have also modified their holdings of IAU. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust during the 1st quarter valued at $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Dunhill Financial LLC raised its holdings in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust during the 1st quarter valued at $29,000. Finally, North Capital Inc. bought a new position in shares of iShares Gold Trust during the 1st quarter valued at $34,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 0.8%
iShares Gold Trust stock opened at $73.22 on Friday. The company has a market capitalization of $59.82 billion, a P/E ratio of 5.53 and a beta of 0.15. The firm’s fifty day simple moving average is $66.44 and its 200-day simple moving average is $63.39. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $73.43.
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.
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