8,364 Shares in iShares Gold Trust $IAU Purchased by Petersen Hastings Wealth Advisors Inc.

Petersen Hastings Wealth Advisors Inc. purchased a new position in iShares Gold Trust (NYSEARCA:IAUFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,364 shares of the exchange traded fund’s stock, valued at approximately $679,000.

Several other institutional investors have also modified their holdings of IAU. MA Private Wealth raised its stake in iShares Gold Trust by 10.3% during the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after buying an additional 14,705 shares in the last quarter. CM Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the third quarter valued at approximately $1,531,000. WESCAP Management Group Inc. raised its stake in iShares Gold Trust by 7.0% during the third quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock valued at $32,726,000 after buying an additional 29,553 shares in the last quarter. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at approximately $1,725,000. Finally, Allianz SE raised its stake in iShares Gold Trust by 2.8% during the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after buying an additional 32,341 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8%

Shares of NYSEARCA IAU opened at $84.28 on Friday. The stock’s 50 day moving average price is $87.11 and its two-hundred day moving average price is $87.56. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The stock has a market capitalization of $71.75 billion, a P/E ratio of 5.53 and a beta of 0.15.

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About iShares Gold Trust

(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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