iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by FFT Wealth Management LLC

FFT Wealth Management LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,893 shares of the exchange traded fund’s stock after acquiring an additional 2,422 shares during the quarter. FFT Wealth Management LLC’s holdings in iShares Gold Trust were worth $638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Archer Investment Corp grew its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the period. Financial Life Planners purchased a new position in iShares Gold Trust in the fourth quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust in the fourth quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC lifted its position 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 acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $54.97 on Wednesday. iShares Gold Trust has a 1-year low of $38.31 and a 1-year high of $55.70. The stock has a market cap of $37.31 billion, a P/E ratio of -33.32 and a beta of 0.20. The stock’s 50 day simple moving average is $51.96 and its 200 day simple moving average is $50.33.

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.