New England Private Wealth Advisors LLC Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

New England Private Wealth Advisors LLC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 8.4% during the 4th quarter, Holdings Channel reports. The fund owned 32,255 shares of the exchange traded fund’s stock after acquiring an additional 2,500 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,597,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. raised its stake in iShares Gold Trust by 30.5% in the fourth quarter. Moors & Cabot Inc. now owns 26,936 shares of the exchange traded fund’s stock valued at $1,334,000 after buying an additional 6,295 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $9,097,000. Endowment Wealth Management Inc. raised its position in shares of iShares Gold Trust by 3.8% during the 4th quarter. Endowment Wealth Management Inc. now owns 9,330 shares of the exchange traded fund’s stock worth $462,000 after acquiring an additional 339 shares in the last quarter. Cushing Capital Partners LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at approximately $2,287,000. Finally, Miller Financial Services LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.2 %

Shares of NYSEARCA:IAU opened at $55.07 on Wednesday. The firm has a 50 day simple moving average of $53.04 and a 200-day simple moving average of $50.88. iShares Gold Trust has a twelve month low of $40.64 and a twelve month high of $55.70. The company has a market capitalization of $37.37 billion, a PE 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.