Corient Private Wealth LLC Grows Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Corient Private Wealth LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,041,689 shares of the exchange traded fund’s stock after buying an additional 17,239 shares during the period. Corient Private Wealth LLC’s holdings in iShares Gold Trust were worth $51,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in iShares Gold Trust in the 4th quarter worth approximately $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth $29,000. Financial Life Planners purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 65.7% during 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. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of NYSEARCA IAU opened at $56.62 on Tuesday. The company has a market cap of $40.56 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $57.11. The business has a 50-day simple moving average of $53.54 and a two-hundred day simple moving average of $51.12.

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.