663 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Orion Capital Management LLC

Orion Capital Management LLC bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 663 shares of the exchange traded fund’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Tucker Asset Management LLC raised its position in iShares Gold Trust by 106.9% during 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 in the last quarter. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust in the 4th quarter worth $28,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the 4th quarter worth $29,000. Finally, Financial Life Planners bought a new position in shares of iShares Gold Trust in the 4th quarter worth $33,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.9%

IAU opened at $62.03 on Friday. The firm has a market cap of $46.47 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13. iShares Gold Trust has a 12 month low of $43.24 and a 12 month high of $64.98. The stock has a fifty day moving average price of $60.34 and a 200-day moving average price of $54.73.

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.