Shrier Wealth Management LLC Buys Shares of 55,025 iShares Gold Trust $IAU

Shrier Wealth Management LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAUFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 55,025 shares of the exchange traded fund’s stock, valued at approximately $4,466,000. iShares Gold Trust accounts for approximately 1.8% of Shrier Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC lifted its holdings in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC lifted its holdings in iShares Gold Trust by 47.0% during the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after buying an additional 8,609 shares during the period. M&T Bank Corp boosted its position in iShares Gold Trust by 4.2% during the 2nd quarter. M&T Bank Corp now owns 300,016 shares of the exchange traded fund’s stock valued at $18,709,000 after acquiring an additional 12,144 shares in the last quarter. Finally, Elios Financial Group Inc. bought a new stake in iShares Gold Trust during the 2nd quarter valued at $219,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 3.8%

IAU opened at $88.16 on Wednesday. The firm has a market cap of $74.44 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12 month low of $55.78 and a 12 month high of $104.40. The stock has a fifty day moving average price of $93.30 and a 200-day moving average price of $83.59.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Read More

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.