CIBC Private Wealth Group LLC Boosts Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

CIBC Private Wealth Group LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,510,086 shares of the exchange traded fund’s stock after purchasing an additional 148,099 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.38% of iShares Gold Trust worth $126,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Okabena Investment Services Inc. lifted its position in shares of iShares Gold Trust by 0.5% in the fourth quarter. Okabena Investment Services Inc. now owns 190,441 shares of the exchange traded fund’s stock worth $9,429,000 after buying an additional 989 shares in the last quarter. Allianz SE purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $52,027,000. Tucker Asset Management LLC boosted its position in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 263 shares during the last quarter. Maridea Wealth Management LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $346,000. Finally, Orion Portfolio Solutions LLC increased its position in iShares Gold Trust by 31.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 124,920 shares of the exchange traded fund’s stock worth $6,185,000 after purchasing an additional 29,713 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8 %

IAU stock opened at $58.13 on Friday. iShares Gold Trust has a 52 week low of $42.15 and a 52 week high of $58.24. The firm has a market capitalization of $41.64 billion, a P/E ratio of -34.13 and a beta of 0.20. The company has a fifty day simple moving average of $54.75 and a two-hundred day simple moving average of $51.72.

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.