Bank Julius Baer & Co. Ltd Zurich Buys 10,200 Shares of iShares Gold Trust (NYSEARCA:IAU)

Bank Julius Baer & Co. Ltd Zurich lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 262,919 shares of the exchange traded fund’s stock after purchasing an additional 10,200 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in iShares Gold Trust were worth $14,365,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quadrant Private Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares during the period. TPG Advisors LLC increased its holdings in iShares Gold Trust by 0.7% during the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in iShares Gold Trust by 1.2% during 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 period. Baker Avenue Asset Management LP raised its position in iShares Gold Trust by 2.9% during 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. Finally, SeaCrest Wealth Management LLC lifted its holdings 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 worth $410,000 after buying an additional 215 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $54.91 on Friday. iShares Gold Trust has a fifty-two week low of $40.63 and a fifty-two week high of $55.70. The firm has a market cap of $37.26 billion, a P/E ratio of -33.32 and a beta of 0.20. The business’s 50 day moving average price is $52.82 and its 200-day moving average price is $50.75.

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.