Dopkins Wealth Management LLC Makes New $372,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Dopkins Wealth Management LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, Holdings Channel reports. The firm bought 7,513 shares of the exchange traded fund’s stock, valued at approximately $372,000.

A number of other large investors have also recently added to or reduced their stakes in IAU. Oppenheimer & Co. Inc. boosted its position in iShares Gold Trust by 42.8% during the third quarter. Oppenheimer & Co. Inc. now owns 38,259 shares of the exchange traded fund’s stock worth $1,901,000 after purchasing an additional 11,471 shares during the period. Thrivent Financial for Lutherans boosted its position in iShares Gold Trust by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 110,016 shares of the exchange traded fund’s stock worth $5,468,000 after purchasing an additional 640 shares during the period. Strengthening Families & Communities LLC boosted its position in iShares Gold Trust by 279.3% during the third quarter. Strengthening Families & Communities LLC now owns 50,892 shares of the exchange traded fund’s stock worth $2,529,000 after purchasing an additional 37,476 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $284,000. Finally, Pathstone Holdings LLC boosted its position in iShares Gold Trust by 0.7% during the third quarter. Pathstone Holdings LLC now owns 156,746 shares of the exchange traded fund’s stock worth $7,790,000 after purchasing an additional 1,033 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of IAU stock opened at $56.62 on Tuesday. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $57.11. The firm has a market cap of $40.56 billion, a PE ratio of -34.13 and a beta of 0.20. The stock has a 50 day moving average of $53.54 and a 200-day moving average of $51.12.

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.