Aries Wealth Management Has $284,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Aries Wealth Management decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,730 shares of the exchange traded fund’s stock after selling 350 shares during the period. Aries Wealth Management’s holdings in iShares Gold Trust were worth $284,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of iShares Gold Trust during the third quarter worth about $95,801,000. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC increased its holdings in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Finally, Parker Investment Management LLC purchased a new stake in shares of iShares Gold Trust in the third quarter worth approximately $26,050,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Up 1.0 %

Shares of NYSEARCA:IAU opened at $55.28 on Friday. The business’s 50 day moving average is $51.07 and its 200 day moving average is $49.70. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $55.30.

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.