Oppenheimer Asset Management Inc. Trims Stake in iShares Gold Trust $IAU

Oppenheimer Asset Management Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,287 shares of the exchange traded fund’s stock after selling 1,239 shares during the period. Oppenheimer Asset Management Inc.’s holdings in iShares Gold Trust were worth $19,911,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of iShares Gold Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 245 shares in the last quarter. McAdam LLC grew its stake in shares of iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after purchasing an additional 341 shares during the period. Summit Financial LLC grew its stake in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after purchasing an additional 195,640 shares during the period. Euro Pacific Asset Management LLC grew its stake in shares of iShares Gold Trust by 36.9% during the 2nd quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 2,441 shares during the period. Finally, TBH Global Asset Management LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter worth $5,713,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $77.31 on Friday. The company’s fifty day simple moving average is $70.79 and its 200-day simple moving average is $65.48. The stock has a market capitalization of $64.43 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $82.55.

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.