iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 324,755 shares of the exchange traded fund’s stock after purchasing an additional 4,376 shares during the period. Oppenheimer Asset Management Inc.’s holdings in iShares Gold Trust were worth $16,079,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth $27,000. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares during the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares Gold Trust in the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC lifted its stake in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU stock opened at $54.20 on Friday. iShares Gold Trust has a 1 year low of $38.41 and a 1 year high of $55.70. The firm has a market capitalization of $36.78 billion, a PE ratio of -33.32 and a beta of 0.20. The business has a 50 day simple moving average of $52.19 and a 200-day simple moving average of $50.39.

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.