Madden Advisory Services Inc. Boosts Position in iShares Gold Trust (NYSEARCA:IAU)

Madden Advisory Services Inc. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,770 shares of the exchange traded fund’s stock after buying an additional 850 shares during the quarter. iShares Gold Trust comprises about 2.2% of Madden Advisory Services Inc.’s investment portfolio, making the stock its 11th biggest position. Madden Advisory Services Inc.’s holdings in iShares Gold Trust were worth $4,841,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IAU. Tucker Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $27,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $29,000. Financial Life Planners acquired a new stake in iShares Gold Trust in the fourth quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the fourth quarter worth about $40,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU stock opened at $60.96 on Monday. The firm has a fifty day moving average price of $56.18 and a two-hundred day moving average price of $52.49. iShares Gold Trust has a 1-year low of $43.05 and a 1-year high of $61.22. The firm has a market cap of $44.04 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17.

iShares Gold Trust Company 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.