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Evercore Wealth Management LLC Increases Holdings in iShares Gold Trust (NYSEARCA:IAU)

Evercore Wealth Management LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAUGet Rating) by 1.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 692,365 shares of the exchange traded fund’s stock after buying an additional 12,304 shares during the quarter. Evercore Wealth Management LLC’s holdings in iShares Gold Trust were worth $25,499,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. Rafferty Asset Management LLC raised its position in iShares Gold Trust by 1.6% in the fourth quarter. Rafferty Asset Management LLC now owns 56,314 shares of the exchange traded fund’s stock valued at $1,960,000 after purchasing an additional 911 shares during the period. Pictet Asset Management SA raised its position in iShares Gold Trust by 160.2% in the fourth quarter. Pictet Asset Management SA now owns 431,665 shares of the exchange traded fund’s stock valued at $15,026,000 after purchasing an additional 265,745 shares during the period. International Assets Investment Management LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at $231,000. Exencial Wealth Advisors LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at $917,000. Finally, Cardinal Point Wealth Management Partners LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at $11,327,000. Hedge funds and other institutional investors own 59.24% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $32.75 on Tuesday. iShares Gold Trust has a 52 week low of $32.06 and a 52 week high of $39.36. The stock’s fifty day moving average is $33.07 and its two-hundred day moving average is $34.94.

iShares Gold Trust Profile

(Get Rating)

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.

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