iShares Gold Trust (NYSEARCA:IAU) Position Boosted by Okabena Investment Services Inc.

Okabena Investment Services Inc. boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,441 shares of the exchange traded fund’s stock after acquiring an additional 989 shares during the period. iShares Gold Trust accounts for 2.6% of Okabena Investment Services Inc.’s portfolio, making the stock its 10th largest holding. Okabena Investment Services Inc.’s holdings in iShares Gold Trust were worth $9,429,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of IAU. Quadrant Private Wealth Management LLC boosted its position in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares during the last quarter. TPG Advisors LLC lifted its position in iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of iShares Gold Trust by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock worth $2,654,000 after buying an additional 200 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $58.13 on Friday. The stock’s 50 day simple moving average is $54.75 and its two-hundred day simple moving average is $51.69. The company has a market cap of $41.64 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 1 year low of $42.15 and a 1 year high of $58.24.

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.