Obermeyer Wealth Partners Purchases 7,950 Shares of iShares Gold Trust $IAU

Obermeyer Wealth Partners lifted its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 113.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,978 shares of the exchange traded fund’s stock after buying an additional 7,950 shares during the quarter. Obermeyer Wealth Partners’ holdings in iShares Gold Trust were worth $1,090,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hoxton Planning & Management LLC lifted its position in shares of iShares Gold Trust by 61.9% in the third quarter. Hoxton Planning & Management LLC now owns 23,422 shares of the exchange traded fund’s stock valued at $1,704,000 after acquiring an additional 8,959 shares in the last quarter. WESPAC Advisors LLC grew its position in shares of iShares Gold Trust by 4.6% during the third quarter. WESPAC Advisors LLC now owns 26,874 shares of the exchange traded fund’s stock worth $1,956,000 after purchasing an additional 1,188 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in iShares Gold Trust during the 3rd quarter valued at approximately $29,000. GWN Securities Inc. raised its stake in iShares Gold Trust by 25.4% during the 3rd quarter. GWN Securities Inc. now owns 8,013 shares of the exchange traded fund’s stock valued at $586,000 after purchasing an additional 1,625 shares during the period. Finally, Sage Private Wealth Group LLC lifted its holdings in iShares Gold Trust by 6.4% in the 3rd quarter. Sage Private Wealth Group LLC now owns 182,284 shares of the exchange traded fund’s stock worth $13,265,000 after purchasing an additional 11,000 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $86.36 on Wednesday. The company has a market cap of $72.52 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $50.21 and a 52-week high of $87.38. The firm’s fifty day moving average is $80.34 and its two-hundred day moving average is $72.47.

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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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