Harbour Investments Inc. Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Harbour Investments Inc. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,432 shares of the exchange traded fund’s stock after purchasing an additional 4,832 shares during the period. Harbour Investments Inc.’s holdings in iShares Gold Trust were worth $2,546,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $29,000. Financial Life Planners purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC grew its stake in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6 %

iShares Gold Trust stock opened at $56.62 on Tuesday. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $57.11. The firm has a market capitalization of $40.56 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The firm has a 50 day simple moving average of $53.54 and a 200 day simple moving average of $51.12.

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.