Riverpoint Wealth Management Holdings LLC Has $637,000 Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Riverpoint Wealth Management Holdings LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,873 shares of the exchange traded fund’s stock after selling 200 shares during the period. Riverpoint Wealth Management Holdings LLC’s holdings in iShares Gold Trust were worth $637,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IAU. Strategic Financial Concepts LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $442,000. Sanchez Wealth Management Group bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 9.6% during 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 in the last quarter. Independent Family Office LLC raised its holdings 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 worth $21,155,000 after acquiring an additional 16,827 shares during the last quarter. Finally, Silverleafe Capital Partners LLC lifted its holdings 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 purchasing 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 Stock Performance

iShares Gold Trust stock opened at $54.97 on Wednesday. iShares Gold Trust has a fifty-two week low of $38.31 and a fifty-two week high of $55.70. The firm’s 50-day simple moving average is $51.96 and its 200 day simple moving average is $50.33. The stock has a market cap of $37.31 billion, a PE 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.