Orion Portfolio Solutions LLC Boosts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Orion Portfolio Solutions LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 31.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 124,920 shares of the exchange traded fund’s stock after acquiring an additional 29,713 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in iShares Gold Trust were worth $6,185,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in iShares Gold Trust by 5.8% during the fourth 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 buying an additional 62,195 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $442,000. Sanchez Wealth Management Group bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $228,000. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 981,362 shares during the period. Finally, Independent Family Office LLC grew its position in iShares Gold Trust by 4.1% during 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. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $58.13 on Friday. The company has a market capitalization of $41.64 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a fifty-two week low of $42.15 and a fifty-two week high of $58.24. The stock has a 50 day moving average price of $54.75 and a two-hundred day moving average price of $51.72.

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.