Impact Investors Inc Takes $7.91 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Impact Investors Inc purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 159,694 shares of the exchange traded fund’s stock, valued at approximately $7,906,000. iShares Gold Trust makes up approximately 6.1% of Impact Investors Inc’s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Compass Financial Services Inc bought a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $27,000. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $54.97 on Wednesday. The business’s fifty day moving average price is $51.96 and its two-hundred day moving average price is $50.33. The firm has a market capitalization of $37.31 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52 week low of $38.31 and a 52 week 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.