Quintet Private Bank Europe S.A. Invests $437,000 in iShares Gold Trust (NYSEARCA:IAU)

Quintet Private Bank Europe S.A. purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,825 shares of the exchange traded fund’s stock, valued at approximately $437,000.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter worth $27,000. Archer Investment Corp lifted its holdings in shares of 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 acquiring an additional 529 shares during the last quarter. Financial Life Planners purchased a new position in iShares Gold Trust in the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC increased its stake in 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. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $53.87 on Monday. The firm has a market capitalization of $36.56 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The business has a 50 day simple moving average of $52.27 and a 200-day simple moving average of $50.50. iShares Gold Trust has a 1 year low of $38.65 and a 1 year high of $55.70.

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.