Embree Financial Group Buys New Position in iShares Gold Trust (NYSEARCA:IAU)

Embree Financial Group acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,220 shares of the exchange traded fund’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at $1,864,000. First Horizon Advisors Inc. grew its holdings in shares of iShares Gold Trust by 27.5% during the fourth quarter. First Horizon Advisors Inc. now owns 66,042 shares of the exchange traded fund’s stock valued at $3,270,000 after buying an additional 14,237 shares in the last quarter. Wealthspire Advisors LLC boosted its position in iShares Gold Trust by 8.7% during the 4th quarter. Wealthspire Advisors LLC now owns 32,691 shares of the exchange traded fund’s stock worth $1,619,000 after acquiring an additional 2,622 shares during the period. MONECO Advisors LLC increased its holdings in shares of iShares Gold Trust by 3.2% in the 4th quarter. MONECO Advisors LLC now owns 13,861 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 436 shares during the period. Finally, Delta Financial Group Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $239,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $63.67 on Tuesday. The firm has a 50 day simple moving average of $62.66 and a 200 day simple moving average of $56.86. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $65.00. The stock has a market cap of $46.86 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.