GAMMA Investing LLC Purchases 95,010 Shares of iShares Gold Trust (NYSEARCA:IAU)

GAMMA Investing LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6,835.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,400 shares of the exchange traded fund’s stock after acquiring an additional 95,010 shares during the period. GAMMA Investing LLC’s holdings in iShares Gold Trust were worth $5,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tucker Asset Management LLC boosted its holdings 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 worth $25,000 after acquiring an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in iShares Gold Trust in the 4th quarter worth approximately $28,000. Wintrust Investments LLC acquired a new stake in iShares Gold Trust in the 4th quarter worth approximately $29,000. Wood Tarver Financial Group LLC acquired a new stake in iShares Gold Trust in the 4th quarter worth approximately $31,000. Finally, Orion Capital Management LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $33,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.4%

NYSEARCA:IAU opened at $62.74 on Tuesday. The firm has a fifty day simple moving average of $61.59 and a 200-day simple moving average of $55.89. iShares Gold Trust has a 12 month low of $43.35 and a 12 month high of $64.98. The company has a market capitalization of $46.18 billion, a P/E ratio of -38.57 and a beta of 0.12.

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.