Financial Counselors Inc. Raises Holdings in iShares Gold Trust (NYSEARCA:IAU)

Financial Counselors Inc. grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 155,268 shares of the exchange traded fund’s stock after acquiring an additional 808 shares during the period. Financial Counselors Inc.’s holdings in iShares Gold Trust were worth $7,687,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quadrant Private Wealth Management LLC increased its position in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares in the last quarter. TPG Advisors LLC grew its stake in iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after buying an additional 199 shares during the period. Riggs Asset Managment Co. Inc. increased its position in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after acquiring an additional 212 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of 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 valued at $410,000 after acquiring an additional 215 shares during the period. Finally, Howard Financial Services LTD. lifted its holdings in shares of iShares Gold Trust by 3.2% during the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after acquiring an additional 250 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.1 %

Shares of iShares Gold Trust stock opened at $56.92 on Thursday. iShares Gold Trust has a twelve month low of $41.33 and a twelve month high of $57.59. The stock has a market cap of $40.78 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The company has a fifty day moving average price of $54.48 and a 200 day moving average price of $51.57.

iShares Gold Trust Company 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.