Venturi Wealth Management LLC Grows Holdings in iShares Gold Trust (NYSEARCA:IAU)

Venturi Wealth Management LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 42.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,822 shares of the exchange traded fund’s stock after purchasing an additional 5,954 shares during the period. Venturi Wealth Management LLC’s holdings in iShares Gold Trust were worth $981,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp lifted its position in shares of iShares Gold Trust by 813.8% in 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 in the last quarter. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC increased its stake in 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 during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $55.37 on Wednesday. The stock’s 50-day moving average is $51.37 and its two-hundred day moving average is $49.92. iShares Gold Trust has a fifty-two week low of $38.21 and a fifty-two week high of $55.44.

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.