Disciplined Investors L.L.C. Makes New $399,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Disciplined Investors L.L.C. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,950 shares of the exchange traded fund’s stock, valued at approximately $399,000.

A number of other hedge funds also recently made changes to their positions in IAU. Tucker Asset Management LLC boosted its position in iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust in the 4th quarter valued at $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust during the 4th quarter worth $40,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.2 %

Shares of IAU opened at $58.95 on Thursday. The stock has a market cap of $42.59 billion, a PE ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 12-month low of $42.96 and a 12-month high of $59.55. The business has a 50-day simple moving average of $55.19 and a two-hundred day simple moving average of $51.94.

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.