New England Private Wealth Advisors LLC Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

New England Private Wealth Advisors LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,255 shares of the exchange traded fund’s stock after purchasing an additional 2,500 shares during the period. New England Private Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IAU. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% in 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 in the last quarter. Financial Life Planners acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of 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 valued at $42,000 after buying an additional 333 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.2 %

IAU stock opened at $55.07 on Wednesday. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $55.70. The firm has a 50-day simple moving average of $53.04 and a 200-day simple moving average of $50.88. The stock has a market capitalization of $37.37 billion, a P/E ratio of -33.32 and a beta of 0.20.

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.