iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 5.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,238,078 shares of the exchange traded fund’s stock after buying an additional 175,569 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares Gold Trust were worth $160,317,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $27,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $29,000. Archer Investment Corp grew its stake in shares of iShares Gold Trust by 813.8% in 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 during the last quarter. Financial Life Planners purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $40,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.4 %

NYSEARCA IAU opened at $55.30 on Thursday. iShares Gold Trust has a fifty-two week low of $40.64 and a fifty-two week high of $55.70. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The business has a fifty day moving average of $53.15 and a 200-day moving average of $50.91.

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.