Riverpoint Wealth Management Holdings LLC Makes New Investment in iShares Gold Trust $IAU

Riverpoint Wealth Management Holdings LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,873 shares of the exchange traded fund’s stock, valued at approximately $937,000.

A number of other large investors have also recently added to or reduced their stakes in IAU. Keener Financial Planning LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $25,000. MTM Investment Management LLC purchased a new stake in iShares Gold Trust in the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC lifted its position in iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the last quarter. Key Financial Inc acquired a new position in iShares Gold Trust in the second quarter valued at about $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in iShares Gold Trust during the third quarter worth about $29,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $93.03 on Wednesday. iShares Gold Trust has a fifty-two week low of $53.44 and a fifty-two week high of $104.40. The company has a 50 day moving average price of $84.88 and a 200 day moving average price of $75.55. The stock has a market capitalization of $78.55 billion, a P/E ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Summary

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iShares Gold Trust Company Profile

(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).

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

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