Avalon Capital Management Acquires 18,635 Shares of iShares Gold Trust (NYSEARCA:IAU)

Avalon Capital Management boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 61.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,027 shares of the exchange traded fund’s stock after acquiring an additional 18,635 shares during the quarter. Avalon Capital Management’s holdings in iShares Gold Trust were worth $2,891,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $1,864,000. Nomura Asset Management Co. Ltd. raised its stake in iShares Gold Trust by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock worth $2,654,000 after buying an additional 200 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in iShares Gold Trust by 31.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 124,920 shares of the exchange traded fund’s stock worth $6,185,000 after buying an additional 29,713 shares in the last quarter. Maridea Wealth Management LLC bought a new position in iShares Gold Trust in the fourth quarter worth approximately $346,000. Finally, Tucker Asset Management LLC raised its stake in iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $62.91 on Monday. iShares Gold Trust has a 1 year low of $44.77 and a 1 year high of $65.00. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock’s fifty day moving average price is $63.02 and its 200 day moving average price is $59.07.

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.