10,129 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by North Forty Two & Co.

North Forty Two & Co. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel reports. The firm purchased 10,129 shares of the exchange traded fund’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Compass Ion Advisors LLC increased its stake in iShares Gold Trust by 10.1% in the 4th quarter. Compass Ion Advisors LLC now owns 8,276 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 761 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in iShares Gold Trust by 97.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 216,813 shares of the exchange traded fund’s stock valued at $10,768,000 after buying an additional 106,797 shares during the last quarter. PDS Planning Inc increased its stake in iShares Gold Trust by 2.3% in the 4th quarter. PDS Planning Inc now owns 12,466 shares of the exchange traded fund’s stock valued at $617,000 after buying an additional 275 shares during the last quarter. Dopkins Wealth Management LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $372,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $55,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $57.27 on Wednesday. The firm has a market capitalization of $41.03 billion, a PE ratio of -34.13 and a beta of 0.20. The company’s 50-day moving average is $53.69 and its 200-day moving average is $51.19. iShares Gold Trust has a fifty-two week low of $40.64 and a fifty-two week high of $57.33.

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.