Oppenheimer & Co. Inc. reduced its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 28.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,407 shares of the exchange traded fund’s stock after selling 10,852 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares Gold Trust were worth $1,357,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of IAU. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the 4th quarter valued at about $27,000. Archer Investment Corp lifted its stake in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Up 1.3 %
Shares of IAU stock opened at $54.57 on Tuesday. The firm has a 50 day moving average price of $52.38 and a two-hundred day moving average price of $50.56. The company has a market capitalization of $37.03 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 12-month low of $39.61 and a 12-month high of $55.70.
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.
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