Embree Financial Group Invests $308,000 in iShares Gold Trust (NYSEARCA:IAU)

Embree Financial Group purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,220 shares of the exchange traded fund’s stock, valued at approximately $308,000.

Several other large investors have also made changes to their positions in the company. Hoey Investments Inc. grew its position in iShares Gold Trust by 30.4% in the first quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 175 shares in the last quarter. Trust Point Inc. boosted its holdings in iShares Gold Trust by 0.5% in the first quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock worth $2,278,000 after purchasing an additional 176 shares in the last quarter. TPG Advisors LLC increased its position in iShares Gold Trust by 0.7% during the fourth 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 during the last quarter. Betterment LLC raised its holdings in iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after buying an additional 199 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in iShares Gold Trust by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after buying an additional 200 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $63.67 on Tuesday. The company has a market cap of $46.86 billion, a PE ratio of -38.57 and a beta of 0.12. The stock has a 50-day moving average of $62.66 and a 200-day moving average of $56.86. iShares Gold Trust has a 52-week low of $43.35 and a 52-week high of $65.00.

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.