Noble Wealth Management PBC Takes $916,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Noble Wealth Management PBC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,509 shares of the exchange traded fund’s stock, valued at approximately $916,000.

Several other large investors have also modified their holdings of the stock. Quadrant Private Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the last quarter. Baker Avenue Asset Management LP raised its position in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in 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 purchasing an additional 215 shares during the last quarter. Finally, Howard Financial Services LTD. raised its position in iShares Gold Trust by 3.2% in the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $53.87 on Friday. The company has a fifty day moving average price of $52.27 and a 200 day moving average price of $50.44. iShares Gold Trust has a 12 month low of $38.65 and a 12 month high of $55.70. The company has a market cap of $36.56 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

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.