Financial Alternatives Inc Has $3.35 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Financial Alternatives Inc decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,579 shares of the exchange traded fund’s stock after selling 370 shares during the period. iShares Gold Trust accounts for 2.4% of Financial Alternatives Inc’s investment portfolio, making the stock its 10th biggest holding. Financial Alternatives Inc’s holdings in iShares Gold Trust were worth $3,346,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in shares of iShares Gold Trust by 6.6% in the 3rd quarter. Quantinno Capital Management LP now owns 19,888 shares of the exchange traded fund’s stock worth $988,000 after buying an additional 1,239 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in iShares Gold Trust by 3.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the exchange traded fund’s stock worth $2,654,000 after acquiring an additional 1,700 shares during the period. McIlrath & Eck LLC boosted its stake in iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 341 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of iShares Gold Trust by 1.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 494,263 shares of the exchange traded fund’s stock valued at $24,543,000 after acquiring an additional 9,409 shares during the period. Finally, World Investment Advisors LLC increased its stake in shares of iShares Gold Trust by 114.2% during the 3rd quarter. World Investment Advisors LLC now owns 33,665 shares of the exchange traded fund’s stock worth $1,798,000 after purchasing an additional 17,950 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.9 %

NYSEARCA:IAU opened at $60.96 on Friday. iShares Gold Trust has a 12 month low of $43.05 and a 12 month high of $61.22. The firm’s 50 day moving average is $56.18 and its 200 day moving average is $52.47. The stock has a market capitalization of $44.04 billion, a PE ratio of -35.73 and a beta of 0.17.

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.