Bank Julius Baer & Co. Ltd Zurich Grows Position in iShares Gold Trust (NYSEARCA:IAU)

Bank Julius Baer & Co. Ltd Zurich increased its position in iShares Gold Trust (NYSEARCA:IAU) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,919 shares of the exchange traded fund’s stock after purchasing an additional 10,200 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in iShares Gold Trust were worth $14,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IAU. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth about $27,000. Archer Investment Corp grew its holdings in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners purchased a new stake in iShares Gold Trust in the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

iShares Gold Trust stock opened at $54.91 on Friday. The stock’s 50 day moving average is $52.82 and its 200 day moving average is $50.75. The company has a market capitalization of $37.26 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a twelve month low of $40.63 and a twelve month high of $55.70.

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.