Sequoia Financial Advisors LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 60.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,891 shares of the exchange traded fund’s stock after buying an additional 6,707 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares Gold Trust were worth $886,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the fourth quarter valued at $27,000. Financial Life Planners bought a new stake in iShares Gold Trust during the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust during the fourth quarter valued at $40,000. Valued Wealth Advisors LLC boosted its position in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in iShares Gold Trust by 494.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 850 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 0.0 %
Shares of IAU opened at $56.29 on Monday. The stock has a market capitalization of $40.33 billion, a P/E ratio of -34.13 and a beta of 0.20. The firm’s fifty day simple moving average is $53.40 and its two-hundred day simple moving average is $51.05. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $56.53.
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.
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