Corient Private Wealth LLC Acquires 17,239 Shares of iShares Gold Trust (NYSEARCA:IAU)

Corient Private Wealth LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,041,689 shares of the exchange traded fund’s stock after purchasing an additional 17,239 shares during the period. Corient Private Wealth LLC owned about 0.16% of iShares Gold Trust worth $51,574,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Private Wealth Management LLC increased its stake in iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares during the last quarter. TPG Advisors LLC grew its holdings in shares of iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares during the period. Finally, Howard Financial Services LTD. boosted its position in iShares Gold Trust by 3.2% in the fourth quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 250 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $56.62 on Tuesday. The firm has a market cap of $40.56 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 1 year low of $40.64 and a 1 year high of $57.11. The stock has a fifty day moving average price of $53.54 and a 200-day moving average price of $51.12.

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.