Principia Wealth Advisory LLC Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Principia Wealth Advisory LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,862 shares of the exchange traded fund’s stock after buying an additional 262 shares during the period. iShares Gold Trust makes up 3.4% of Principia Wealth Advisory LLC’s holdings, making the stock its 10th largest position. Principia Wealth Advisory LLC’s holdings in iShares Gold Trust were worth $3,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IAU. Tucker Asset Management LLC grew its holdings in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares in the last quarter. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth about $28,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth about $29,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth about $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $62.47 on Friday. iShares Gold Trust has a fifty-two week low of $43.24 and a fifty-two week high of $64.98. The business has a 50-day moving average of $61.52 and a two-hundred day moving average of $55.73. The stock has a market capitalization of $45.98 billion, a P/E ratio of -38.57 and a beta of 0.12.

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.