Evolution Wealth Advisors LLC Purchases New Position in iShares Gold Trust (NYSEARCA:IAU)

Evolution Wealth Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,190 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. Sumitomo Mitsui Trust Group Inc. increased its holdings in iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares during the period. WealthNavi Inc. raised its holdings in iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after buying an additional 233,999 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after acquiring an additional 479,796 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of iShares Gold Trust by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after acquiring an additional 23,058 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $48.37 on Friday. iShares Gold Trust has a twelve month low of $37.21 and a twelve month high of $52.69. The stock has a fifty day simple moving average of $50.08 and a 200 day simple moving average of $46.89.

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.