Venturi Wealth Management LLC Has $981,000 Stake in iShares Gold Trust (NYSEARCA:IAU)

Venturi Wealth Management LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 42.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,822 shares of the exchange traded fund’s stock after buying an additional 5,954 shares during the period. Venturi Wealth Management LLC’s holdings in iShares Gold Trust were worth $981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the fourth quarter valued at about $27,000. Archer Investment Corp grew its position in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new stake in iShares Gold Trust during the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter valued at $40,000. Finally, Valued Wealth Advisors LLC grew its position in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.7 %

Shares of NYSEARCA IAU opened at $55.37 on Wednesday. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.44. The stock has a 50 day moving average of $51.37 and a 200-day moving average of $49.92.

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.