CIBC Private Wealth Group LLC Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

CIBC Private Wealth Group LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,510,086 shares of the exchange traded fund’s stock after purchasing an additional 148,099 shares during the period. CIBC Private Wealth Group LLC’s holdings in iShares Gold Trust were worth $126,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC grew its stake in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares during the last quarter. Compass Financial Services Inc purchased a new position in iShares Gold Trust during the 4th quarter valued at $27,000. Wintrust Investments LLC purchased a new stake in iShares Gold Trust in the fourth quarter worth $29,000. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the fourth quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at $40,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU stock opened at $58.13 on Friday. iShares Gold Trust has a 12 month low of $42.15 and a 12 month high of $58.24. The firm’s 50-day moving average is $54.75 and its 200 day moving average is $51.72. The company has a market capitalization of $41.64 billion, a PE ratio of -34.13 and a beta of 0.20.

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.