AMG National Trust Bank Raises Stock Position in iShares Gold Trust (NYSEARCA:IAU)

AMG National Trust Bank lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,011 shares of the exchange traded fund’s stock after purchasing an additional 3,883 shares during the quarter. AMG National Trust Bank’s holdings in iShares Gold Trust were worth $14,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $27,000. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC increased its position in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.5 %

Shares of iShares Gold Trust stock opened at $54.87 on Friday. The company’s 50-day simple moving average is $52.71 and its 200-day simple moving average is $50.67. iShares Gold Trust has a 52-week low of $40.63 and a 52-week high of $55.70. The firm has a market cap of $37.24 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

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.