Oppenheimer Asset Management Inc. acquired a new stake in shares of iShares Gold Trust(ETF) (NYSEARCA:IAU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 138,318 shares of the exchange traded fund’s stock, valued at approximately $1,703,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Hanson McClain Inc. raised its position in iShares Gold Trust(ETF) by 38.0% during the 2nd quarter. Hanson McClain Inc. now owns 8,654 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 2,382 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in iShares Gold Trust(ETF) during the 2nd quarter worth $116,000. Advisory Services Network LLC raised its position in iShares Gold Trust(ETF) by 1.4% during the 2nd quarter. Advisory Services Network LLC now owns 9,759 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 134 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in iShares Gold Trust(ETF) during the 2nd quarter worth $122,000. Finally, B. Riley Financial Inc. bought a new position in iShares Gold Trust(ETF) during the 3rd quarter worth $127,000.

Shares of iShares Gold Trus (NYSEARCA:IAU) traded up $0.01 during trading hours on Wednesday, reaching $11.97. The company had a trading volume of 7,796,700 shares, compared to its average volume of 8,361,891. iShares Gold Trus has a twelve month low of $10.81 and a twelve month high of $12.98.

ILLEGAL ACTIVITY WARNING: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://www.watchlistnews.com/oppenheimer-asset-management-inc-invests-1-70-million-in-ishares-gold-trustetf-iau/1761791.html.

About iShares Gold Trust(ETF)

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.

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

Receive News & Ratings for iShares Gold Trust(ETF) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust(ETF) and related companies with Analyst Ratings Network's FREE daily email newsletter.