Verus Capital Partners LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Verus Capital Partners LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 114.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,589 shares of the exchange traded fund’s stock after acquiring an additional 7,255 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares Gold Trust were worth $673,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in iShares Gold Trust during the 4th quarter valued at approximately $27,000. Archer Investment Corp boosted its stake in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC increased its stake in shares of iShares Gold Trust by 65.7% in the fourth 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. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $53.87 on Friday. The company has a market capitalization of $36.56 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 12 month low of $38.65 and a 12 month high of $55.70. The company’s fifty day moving average price is $52.27 and its two-hundred day moving average price is $50.44.

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.