Portfolio Resources Advisor Group Inc. Makes New $1.58 Million Investment in iShares Gold Trust $IAU

Portfolio Resources Advisor Group Inc. acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,412 shares of the exchange traded fund’s stock, valued at approximately $1,576,000. iShares Gold Trust accounts for approximately 1.6% of Portfolio Resources Advisor Group Inc.’s holdings, making the stock its 17th largest position.

Several other institutional investors have also modified their holdings of IAU. Abich Financial Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the third quarter worth about $25,000. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Gold Trust in the fourth quarter worth about $25,000. Rossby Financial LCC lifted its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Gables Capital Management Inc. lifted its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $79.19 on Monday. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The business’s 50-day simple moving average is $86.36 and its 200 day simple moving average is $87.68. The stock has a market cap of $67.42 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

Trending Headlines about iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.