First American Trust FSB Has $8.99 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

First American Trust FSB boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 230,261 shares of the exchange traded fund’s stock after purchasing an additional 51,157 shares during the quarter. iShares Gold Trust accounts for about 1.1% of First American Trust FSB’s investment portfolio, making the stock its 26th biggest holding. First American Trust FSB’s holdings in iShares Gold Trust were worth $8,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new stake in shares of iShares Gold Trust during the third quarter worth $26,000. ORG Partners LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $28,000. Financial Freedom LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $30,000. North Star Investment Management Corp. lifted its stake in shares of iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 479 shares during the last quarter. Finally, Chilton Capital Management LLC lifted its stake in shares of iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 542 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.9 %

Shares of NYSEARCA IAU traded up $0.83 during mid-day trading on Monday, reaching $45.13. 15,439,376 shares of the company were exchanged, compared to its average volume of 6,591,728. The company’s 50-day simple moving average is $40.51 and its 200-day simple moving average is $38.67. The stock has a market capitalization of $29.39 billion, a P/E ratio of -27.15 and a beta of 0.13. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98.

iShares Gold Trust Company 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.