Purkiss Capital Advisors LLC Takes $12.46 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Purkiss Capital Advisors LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 251,625 shares of the exchange traded fund’s stock, valued at approximately $12,458,000. iShares Gold Trust makes up approximately 10.8% of Purkiss Capital Advisors LLC’s holdings, making the stock its 2nd biggest position.

A number of other hedge funds have also bought and sold shares of IAU. Pinnacle Associates Ltd. lifted its holdings in shares of iShares Gold Trust by 7.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 11,598 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 814 shares during the period. Focus Financial Network Inc. increased its position in iShares Gold Trust by 4.8% during the third quarter. Focus Financial Network Inc. now owns 50,145 shares of the exchange traded fund’s stock valued at $2,492,000 after acquiring an additional 2,274 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in iShares Gold Trust by 6.7% in the third quarter. Gladstone Institutional Advisory LLC now owns 11,572 shares of the exchange traded fund’s stock valued at $575,000 after acquiring an additional 728 shares during the period. Capital Advisors Inc. OK boosted its position in iShares Gold Trust by 3.0% in the third quarter. Capital Advisors Inc. OK now owns 10,966 shares of the exchange traded fund’s stock worth $545,000 after purchasing an additional 320 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares Gold Trust by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 26,957 shares of the exchange traded fund’s stock valued at $1,340,000 after purchasing an additional 1,678 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.6 %

NYSEARCA IAU opened at $53.87 on Friday. The company has a 50-day moving average price of $52.27 and a 200-day moving average price of $50.47. iShares Gold Trust has a 52 week low of $38.65 and a 52 week high of $55.70. The firm has a market capitalization of $36.56 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.