Invst LLC Acquires Shares of 50,374 iShares Gold Trust (NYSEARCA:IAU)

Invst LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, Holdings Channel reports. The fund acquired 50,374 shares of the exchange traded fund’s stock, valued at approximately $2,494,000.

A number of other large investors have also recently added to or reduced their stakes in IAU. Tucker Asset Management LLC boosted its stake in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 263 shares during the last quarter. Compass Financial Services Inc bought a new position in iShares Gold Trust during the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust in the 4th quarter worth about $28,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the 4th quarter worth about $29,000. Finally, Financial Life Planners bought a new position in shares of iShares Gold Trust in the 4th quarter worth about $33,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $63.38 on Friday. The firm’s 50-day moving average is $60.46 and its 200-day moving average is $54.81. iShares Gold Trust has a 1 year low of $43.24 and a 1 year high of $64.98. The company has a market cap of $47.48 billion, a P/E ratio of -37.79 and a beta of 0.13.

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.