Foundation Wealth Management LLC PA purchased a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,137 shares of the exchange traded fund’s stock, valued at approximately $205,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $27,000. Wintrust Investments LLC acquired a new position in iShares Gold Trust in the 4th quarter valued at $29,000. Financial Life Planners purchased a new position in iShares Gold Trust during the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 65.7% in 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 in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Down 0.1 %
Shares of iShares Gold Trust stock opened at $56.92 on Thursday. The firm has a market cap of $40.78 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52-week low of $41.33 and a 52-week high of $57.59. The company’s 50-day simple moving average is $54.48 and its 200-day simple moving average is $51.57.
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.
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