Liberty Wealth Management LLC Raises Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Liberty Wealth Management LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 480.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,445 shares of the exchange traded fund’s stock after purchasing an additional 30,999 shares during the period. Liberty Wealth Management LLC’s holdings in iShares Gold Trust were worth $1,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of iShares Gold Trust by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after purchasing an additional 62,195 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $442,000. Sanchez Wealth Management Group purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $228,000. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Finally, Independent Family Office LLC lifted its stake in shares of iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after purchasing an additional 16,827 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $55.07 on Wednesday. The company has a fifty day moving average of $53.04 and a two-hundred day moving average of $50.88. The stock has a market capitalization of $37.37 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a fifty-two week low of $40.64 and a fifty-two week high of $55.70.

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.