7,284 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Riverbend Wealth Management LLC

Riverbend Wealth Management LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,284 shares of the exchange traded fund’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its holdings in shares of iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares in the last quarter. FMR LLC increased its position in iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after acquiring an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares in the last quarter. Empower Advisory Group LLC boosted its holdings in iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of 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 worth $557,498,000 after purchasing an additional 981,362 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.9 %

Shares of IAU opened at $54.43 on Tuesday. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $55.70. The firm’s 50 day moving average is $52.93 and its 200-day moving average is $50.82. The stock has a market capitalization of $36.94 billion, a PE ratio of -33.32 and a beta of 0.20.

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.