Aries Wealth Management Buys 1,120 Shares of iShares Gold Trust (NYSEARCA:IAU)

Aries Wealth Management raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 19.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,850 shares of the exchange traded fund’s stock after buying an additional 1,120 shares during the quarter. Aries Wealth Management’s holdings in iShares Gold Trust were worth $404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IAU. Brighton Jones LLC acquired a new position in iShares Gold Trust during the 4th quarter valued at about $1,864,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in iShares Gold Trust during the 4th quarter worth approximately $170,000. Vontobel Holding Ltd. grew its position in iShares Gold Trust by 19.7% in the fourth quarter. Vontobel Holding Ltd. now owns 79,857 shares of the exchange traded fund’s stock valued at $3,954,000 after purchasing an additional 13,157 shares in the last quarter. First Merchants Corp grew its position in iShares Gold Trust by 8.3% in the fourth quarter. First Merchants Corp now owns 7,830 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 600 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in iShares Gold Trust by 2.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,311 shares of the exchange traded fund’s stock valued at $857,000 after purchasing an additional 377 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $64.74 on Friday. The stock has a market cap of $47.65 billion, a P/E ratio of -38.57 and a beta of 0.12. The company has a fifty day moving average price of $62.12 and a two-hundred day moving average price of $56.24. iShares Gold Trust has a one year low of $43.35 and a one year high of $65.00.

iShares Gold Trust Company 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.