Invst LLC Purchases New Shares in iShares Gold Trust (NYSEARCA:IAU)

Invst LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 50,374 shares of the exchange traded fund’s stock, valued at approximately $2,494,000.

A number of other large investors have also added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC grew its holdings in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares in the last quarter. TPG Advisors LLC grew its holdings in iShares Gold Trust by 0.7% during the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares in the last quarter. Betterment LLC grew its holdings in iShares Gold Trust by 1.8% during the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 199 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in iShares Gold Trust by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after purchasing an additional 200 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its holdings in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 2.2%

IAU opened at $63.38 on Friday. The company has a fifty day simple moving average of $60.46 and a 200 day simple moving average of $54.81. The firm has a market cap of $47.48 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13. iShares Gold Trust has a twelve month low of $43.24 and a twelve month high of $64.98.

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.