Aureum Wealth Management LLC Buys Shares of 23,274 iShares Gold Trust $IAU

Aureum Wealth Management LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAUFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,274 shares of the exchange traded fund’s stock, valued at approximately $1,889,000. iShares Gold Trust accounts for 1.8% of Aureum Wealth Management LLC’s portfolio, making the stock its 21st biggest holding.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after purchasing an additional 456,140 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 47.7% in the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after buying an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 20.6% in the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after buying an additional 2,245,617 shares in the last quarter. UBS Group AG boosted its stake in iShares Gold Trust by 6.5% during the third quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after buying an additional 561,489 shares during the period. Finally, WealthNavi Inc. boosted its stake in iShares Gold Trust by 8.5% during the third quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after buying an additional 559,413 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.3%

Shares of IAU opened at $89.19 on Thursday. iShares Gold Trust has a 12-month low of $59.71 and a 12-month high of $104.40. The company has a market cap of $75.93 billion, a PE ratio of 5.53 and a beta of 0.20. The stock has a 50-day moving average price of $91.75 and a 200-day moving average price of $85.57.

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About iShares Gold Trust

(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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