Eq LLC Invests $2.28 Million in iShares Gold Trust (NYSEARCA:IAU)

Eq LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 46,054 shares of the exchange traded fund’s stock, valued at approximately $2,280,000. iShares Gold Trust accounts for 1.1% of Eq LLC’s holdings, making the stock its 23rd biggest position.

Several other hedge funds have also modified their holdings of the stock. Quadrant Private Wealth Management LLC grew its position in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after buying an additional 215 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its position in iShares Gold Trust by 3.2% in the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after buying an additional 250 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $54.97 on Wednesday. iShares Gold Trust has a 1-year low of $38.31 and a 1-year high of $55.70. The business has a 50-day moving average of $51.96 and a 200-day moving average of $50.33. The company has a market capitalization of $37.31 billion, a PE 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.