First American Trust FSB Grows Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

First American Trust FSB raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the 4th quarter, Holdings Channel reports. The fund owned 332,788 shares of the exchange traded fund’s stock after acquiring an additional 4,937 shares during the quarter. iShares Gold Trust accounts for approximately 1.6% of First American Trust FSB’s portfolio, making the stock its 13th biggest position. First American Trust FSB’s holdings in iShares Gold Trust were worth $16,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TIAA Trust National Association lifted its stake in shares of iShares Gold Trust by 2.6% in the 4th quarter. TIAA Trust National Association now owns 722,196 shares of the exchange traded fund’s stock worth $35,756,000 after acquiring an additional 18,333 shares during the period. FineMark National Bank & Trust raised its holdings in iShares Gold Trust by 6.1% during the fourth quarter. FineMark National Bank & Trust now owns 110,791 shares of the exchange traded fund’s stock worth $5,485,000 after purchasing an additional 6,360 shares in the last quarter. Ashton Thomas Securities LLC raised its holdings in iShares Gold Trust by 540.7% during the fourth quarter. Ashton Thomas Securities LLC now owns 21,240 shares of the exchange traded fund’s stock worth $1,052,000 after purchasing an additional 17,925 shares in the last quarter. Modern Wealth Management LLC increased its position in iShares Gold Trust by 23.9% during the 4th quarter. Modern Wealth Management LLC now owns 157,155 shares of the exchange traded fund’s stock worth $8,625,000 after purchasing an additional 30,272 shares during the period. Finally, Meridian Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 11.1% in the fourth quarter. Meridian Wealth Advisors LLC now owns 473,052 shares of the exchange traded fund’s stock valued at $23,421,000 after buying an additional 47,110 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $56.70 on Tuesday. iShares Gold Trust has a one year low of $41.05 and a one year high of $57.59. The company’s fifty day moving average is $54.23 and its two-hundred day moving average is $51.47. The firm has a market capitalization of $40.62 billion, a P/E ratio of -34.13 and a beta of 0.20.

iShares Gold Trust Profile

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.