First Eagle Investment Management LLC Has $189,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

First Eagle Investment Management LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,834 shares of the exchange traded fund’s stock after buying an additional 448 shares during the period. First Eagle Investment Management LLC’s holdings in iShares Gold Trust were worth $189,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quadrant Private Wealth Management LLC grew its holdings in iShares Gold Trust by 2.3% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 195 shares in the last quarter. TPG Advisors LLC grew its stake in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after acquiring an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its holdings in iShares Gold Trust by 3.2% during the fourth quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 250 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $56.29 on Monday. iShares Gold Trust has a 52-week low of $40.64 and a 52-week high of $56.53. The company has a 50-day simple moving average of $53.40 and a two-hundred day simple moving average of $51.05. The company has a market capitalization of $40.33 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20.

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.