Citizens Financial Group Inc. RI Buys 2,834 Shares of iShares Gold Trust (NYSEARCA:IAU)

Citizens Financial Group Inc. RI grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,112 shares of the exchange traded fund’s stock after buying an additional 2,834 shares during the period. Citizens Financial Group Inc. RI’s holdings in iShares Gold Trust were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $27,000. Archer Investment Corp lifted its holdings in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing 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 iShares Gold Trust stock opened at $55.30 on Thursday. The business’s 50 day simple moving average is $53.15 and its 200 day simple moving average is $50.91. iShares Gold Trust has a 52-week low of $40.64 and a 52-week high of $55.70. The firm has a market cap of $37.53 billion, a PE ratio of -33.32 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.