Signify Wealth Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Signify Wealth raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,176 shares of the exchange traded fund’s stock after purchasing an additional 4,496 shares during the period. iShares Gold Trust accounts for approximately 3.9% of Signify Wealth’s portfolio, making the stock its 15th largest holding. Signify Wealth’s holdings in iShares Gold Trust were worth $3,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $27,000. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the period. Financial Life Planners purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $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 stake 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 buying an additional 333 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $54.57 on Tuesday. The company has a market capitalization of $37.03 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The company’s 50 day simple moving average is $52.38 and its 200 day simple moving average is $50.56. iShares Gold Trust has a 1 year low of $39.61 and a 1 year high of $55.70.

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.