Oppenheimer Asset Management Inc. Has $18.90 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Oppenheimer Asset Management Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,526 shares of the exchange traded fund’s stock after selling 4,229 shares during the period. Oppenheimer Asset Management Inc.’s holdings in iShares Gold Trust were worth $18,898,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC increased 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 purchasing an additional 63,382,112 shares during the period. Wells Fargo & Company MN increased its holdings in shares of iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after purchasing an additional 1,183,962 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after purchasing an additional 7,194,721 shares during the period. LPL Financial LLC increased its holdings in shares of iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares during the period. Finally, WealthNavi Inc. increased its holdings in shares of iShares Gold Trust by 2.1% during the first quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock worth $356,684,000 after purchasing an additional 125,599 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.0%

Shares of IAU opened at $63.45 on Monday. iShares Gold Trust has a 12 month low of $43.35 and a 12 month high of $65.00. The firm’s 50 day moving average is $62.60 and its 200-day moving average is $56.76. The stock has a market capitalization of $46.70 billion, a PE ratio of -38.57 and a beta of 0.12.

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.