GAMMA Investing LLC raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,635 shares of the exchange traded fund’s stock after purchasing an additional 245 shares during the quarter. GAMMA Investing LLC’s holdings in iShares Gold Trust were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of IAU. Tucker Asset Management LLC lifted its holdings in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares Gold Trust during the 4th quarter worth $28,000. Wintrust Investments LLC acquired a new position in iShares Gold Trust during the 4th quarter worth $29,000. Wood Tarver Financial Group LLC acquired a new position in iShares Gold Trust during the 4th quarter worth $31,000. Finally, Orion Capital Management LLC acquired a new position in iShares Gold Trust during the 4th quarter worth $33,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
Shares of iShares Gold Trust stock opened at $62.87 on Monday. The firm has a fifty day moving average of $62.65 and a two-hundred day moving average of $57.65. The stock has a market capitalization of $47.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $44.40 and a 52 week high of $65.00.
About iShares Gold Trust
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.
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