Private Trust Co. NA Increases Position in iShares Gold Trust (NYSEARCA:IAU)

Private Trust Co. NA lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,421 shares of the exchange traded fund’s stock after buying an additional 2,220 shares during the period. Private Trust Co. NA’s holdings in iShares Gold Trust were worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp boosted its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.6 %

Shares of NYSEARCA IAU opened at $53.87 on Friday. iShares Gold Trust has a twelve month low of $38.65 and a twelve month high of $55.70. The stock’s 50 day moving average price is $52.27 and its 200-day moving average price is $50.44. The company has a market capitalization of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20.

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.