Riggs Capital Management LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Riggs Capital Management LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 84,875 shares of the exchange traded fund’s stock, valued at approximately $4,202,000. iShares Gold Trust comprises approximately 4.1% of Riggs Capital Management LLC’s holdings, making the stock its 5th biggest holding.

Other large investors also recently made changes to their positions in the company. Summit Financial LLC grew its holdings in shares of iShares Gold Trust by 1,591.5% during the fourth quarter. Summit Financial LLC now owns 84,118 shares of the exchange traded fund’s stock worth $4,165,000 after purchasing an additional 79,145 shares during the last quarter. D L Carlson Investment Group Inc. increased its stake in iShares Gold Trust by 54.6% in the 4th quarter. D L Carlson Investment Group Inc. now owns 84,798 shares of the exchange traded fund’s stock valued at $4,198,000 after buying an additional 29,965 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in iShares Gold Trust by 4,121.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 3,588 shares of the exchange traded fund’s stock valued at $174,000 after acquiring an additional 3,503 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of iShares Gold Trust by 2.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 67,476 shares of the exchange traded fund’s stock worth $3,341,000 after acquiring an additional 1,348 shares during the period. Finally, Bcwm LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $11,508,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $58.13 on Monday. iShares Gold Trust has a one year low of $42.15 and a one year high of $58.98. The company has a market cap of $41.64 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The firm has a fifty day moving average price of $54.75 and a two-hundred day moving average price of $51.75.

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.