Oppenheimer & Co. Inc. Has $1.36 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Oppenheimer & Co. Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,407 shares of the exchange traded fund’s stock after selling 10,852 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares Gold Trust were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $442,000. Sanchez Wealth Management Group acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. Independent Family Office LLC raised its position in shares of iShares Gold Trust by 4.1% in the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after buying an additional 16,827 shares in the last quarter. Finally, Silverleafe Capital Partners LLC raised its position in shares of iShares Gold Trust by 0.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.3 %

NYSEARCA IAU opened at $54.57 on Tuesday. iShares Gold Trust has a 1-year low of $39.61 and a 1-year high of $55.70. The company has a 50 day moving average of $52.38 and a 200-day moving average of $50.56. The company has a market cap of $37.03 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

About iShares Gold Trust

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.