Oppenheimer & Co. Inc. Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Oppenheimer & Co. Inc. boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 42.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,259 shares of the exchange traded fund’s stock after purchasing an additional 11,471 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares Gold Trust were worth $1,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in iShares Gold Trust during the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC grew its position in iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust during the second quarter worth about $26,134,000. Finally, Cetera Investment Advisers lifted its position in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $48.37 on Monday. iShares Gold Trust has a fifty-two week low of $37.21 and a fifty-two week high of $52.69. The company has a 50 day moving average price of $50.08 and a 200 day moving average price of $46.92.

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.