Oppenheimer Asset Management Inc. Increases Stake in iShares Gold Trust (NYSEARCA:IAU)

Oppenheimer Asset Management Inc. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IAU. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Archer Investment Corp grew its holdings in iShares Gold Trust by 813.8% in the third 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 period. Financial Life Planners purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of 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 valued at $42,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $54.20 on Friday. The firm has a fifty day moving average of $52.19 and a 200 day moving average of $50.39. The firm has a market cap of $36.78 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a one year low of $38.41 and a one year high of $55.70.

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.