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

Riverpoint Wealth Management Holdings LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,873 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Riverpoint Wealth Management Holdings LLC’s holdings in iShares Gold Trust were worth $637,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth $27,000. Archer Investment Corp lifted its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired 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 iShares Gold Trust in the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC raised 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 buying an additional 333 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.3 %

NYSEARCA IAU opened at $54.97 on Wednesday. The firm’s 50 day simple moving average is $51.96 and its 200 day simple moving average is $50.33. The firm has a market capitalization of $37.31 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1 year low of $38.31 and a 1 year high of $55.70.

iShares Gold Trust Profile

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.