Embree Financial Group Boosts Stake in iShares Gold Trust $IAU

Embree Financial Group increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 149.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,944 shares of the exchange traded fund’s stock after buying an additional 8,355 shares during the quarter. Embree Financial Group’s holdings in iShares Gold Trust were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at about $1,864,000. Bison Wealth LLC boosted its position in iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the last quarter. Northern Trust Corp increased its holdings in iShares Gold Trust by 14.1% in the 1st quarter. Northern Trust Corp now owns 3,591,732 shares of the exchange traded fund’s stock worth $211,769,000 after buying an additional 444,702 shares during the period. TFB Advisors LLC purchased a new position in iShares Gold Trust during the 1st quarter worth approximately $280,000. Finally, Summit Financial LLC lifted its stake in iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU stock opened at $81.63 on Friday. The company has a market capitalization of $67.27 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12 month low of $48.83 and a 12 month high of $82.55. The firm’s fifty day simple moving average is $78.00 and its 200-day simple moving average is $69.79.

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.