Isthmus Partners LLC Purchases New Shares in iShares Gold Trust (NYSEARCA:IAU)

Isthmus Partners LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,520 shares of the exchange traded fund’s stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IAU. CWA Asset Management Group LLC purchased a new stake in iShares Gold Trust during the 3rd quarter valued at $857,000. Sheets Smith Wealth Management raised its holdings in iShares Gold Trust by 3.9% during the 3rd quarter. Sheets Smith Wealth Management now owns 18,211 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 684 shares during the period. Baker Avenue Asset Management LP increased its stake in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the period. Tyler Stone Wealth Management increased its stake in iShares Gold Trust by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 9,009 shares of the exchange traded fund’s stock worth $448,000 after purchasing an additional 4,504 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in iShares Gold Trust in the third quarter worth $165,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.9 %

IAU stock opened at $54.43 on Tuesday. The business’s fifty day simple moving average is $52.93 and its two-hundred day simple moving average is $50.82. iShares Gold Trust has a twelve month low of $40.64 and a twelve month high of $55.70. The firm has a market cap of $36.94 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

About iShares Gold Trust

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.