Benjamin Edwards Inc. Has $749,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Benjamin Edwards Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,126 shares of the exchange traded fund’s stock after acquiring an additional 3,196 shares during the period. Benjamin Edwards Inc.’s holdings in iShares Gold Trust were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC lifted its position in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares during the last quarter. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $28,000. Wintrust Investments LLC acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $29,000. Finally, Financial Life Planners bought a new position in iShares Gold Trust in the 4th quarter valued at approximately $33,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $62.77 on Friday. iShares Gold Trust has a fifty-two week low of $43.24 and a fifty-two week high of $64.98. The stock has a market cap of $46.11 billion, a PE ratio of -37.96 and a beta of 0.17. The firm’s fifty day moving average price is $59.30 and its two-hundred day moving average price is $54.15.

iShares Gold Trust 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.