Avantax Advisory Services Inc. Has $7.65 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Avantax Advisory Services Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 148.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,437 shares of the exchange traded fund’s stock after buying an additional 92,325 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares Gold Trust were worth $7,646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Liberty Wealth Management LLC lifted its holdings in iShares Gold Trust by 480.9% in the fourth quarter. Liberty Wealth Management LLC now owns 37,445 shares of the exchange traded fund’s stock valued at $1,851,000 after buying an additional 30,999 shares during the period. Farther Finance Advisors LLC increased its stake in iShares Gold Trust by 32.3% in the fourth quarter. Farther Finance Advisors LLC now owns 35,677 shares of the exchange traded fund’s stock valued at $1,766,000 after purchasing an additional 8,720 shares in the last quarter. Parkworth Wealth Management Inc. bought a new stake in iShares Gold Trust in the fourth quarter valued at $109,000. EverSource Wealth Advisors LLC increased its stake in iShares Gold Trust by 4.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 687,728 shares of the exchange traded fund’s stock valued at $34,049,000 after purchasing an additional 29,300 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in iShares Gold Trust by 60.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,891 shares of the exchange traded fund’s stock valued at $886,000 after purchasing an additional 6,707 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.8 %

IAU opened at $56.27 on Friday. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $56.45. The company has a market cap of $38.19 billion, a P/E ratio of -33.32 and a beta of 0.20. The company has a fifty day moving average price of $53.27 and a two-hundred day moving average price of $50.94.

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.