iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 43.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,598 shares of the exchange traded fund’s stock after buying an additional 20,611 shares during the period. iShares Gold Trust makes up about 1.7% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Intrepid Capital Management Inc.’s holdings in iShares Gold Trust were worth $3,347,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Quadrant Private Wealth Management LLC boosted its position in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 195 shares during the last quarter. TPG Advisors LLC lifted its stake in iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of iShares Gold Trust by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock worth $2,654,000 after acquiring an additional 200 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $58.86 on Wednesday. iShares Gold Trust has a fifty-two week low of $42.57 and a fifty-two week high of $59.15. The stock has a fifty day moving average of $55.05 and a 200-day moving average of $51.90. The company has a market capitalization of $42.53 billion, a P/E ratio of -35.73 and a beta of 0.17.

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.