iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 29.0% in the 4th quarter, Holdings Channel reports. The fund owned 753,522 shares of the exchange traded fund’s stock after purchasing an additional 169,497 shares during the period. Dynasty Wealth Management LLC’s holdings in iShares Gold Trust were worth $37,307,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in iShares Gold Trust during the 4th quarter valued at $27,000. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $40,000. Finally, Valued Wealth Advisors LLC increased its position in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $54.20 on Friday. iShares Gold Trust has a one year low of $38.41 and a one year high of $55.70. The stock has a 50-day moving average price of $52.19 and a 200 day moving average price of $50.39. The company has a market capitalization of $36.78 billion, a P/E ratio of -33.32 and a beta of 0.20.

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.