Pachira Investments Inc. Invests $474,000 in iShares Gold Trust $IAU

Pachira Investments Inc. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,838 shares of the exchange traded fund’s stock, valued at approximately $474,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Gold Trust during the third quarter worth about $25,000. Dakota Community Bank & Trust NA bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $30,000. Key Capital Management INC bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $32,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of iShares Gold Trust during the third quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of iShares Gold Trust during the third quarter worth about $31,000. 59.67% of the stock is currently owned by institutional investors.

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iShares Gold Trust Price Performance

Shares of IAU stock opened at $86.72 on Monday. The business’s 50 day simple moving average is $90.99 and its 200 day simple moving average is $86.12. iShares Gold Trust has a one year low of $59.71 and a one year high of $104.40. The stock has a market capitalization of $73.83 billion, a PE ratio of 5.53 and a beta of 0.16.

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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