Briaud Financial Planning Inc Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Briaud Financial Planning Inc increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,672 shares of the exchange traded fund’s stock after acquiring an additional 768 shares during the period. iShares Gold Trust makes up about 2.2% of Briaud Financial Planning Inc’s holdings, making the stock its 5th biggest position. Briaud Financial Planning Inc’s holdings in iShares Gold Trust were worth $5,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Private Wealth Management LLC increased its holdings 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 period. TPG Advisors LLC grew 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 worth $1,388,000 after buying an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares in 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 worth $410,000 after buying an additional 215 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $54.43 on Tuesday. iShares Gold Trust has a one year low of $40.64 and a one year high of $55.70. The stock has a market cap of $36.94 billion, a PE ratio of -33.32 and a beta of 0.20. The firm has a 50 day simple moving average of $52.93 and a two-hundred day simple moving average of $50.82.

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.