SigFig Wealth Management LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

SigFig Wealth Management LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 18,054 shares of the exchange traded fund’s stock, valued at approximately $889,000.

A number of other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in shares of iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. FMR LLC grew its stake in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. WealthNavi Inc. grew its stake in iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock worth $293,297,000 after buying an additional 141,211 shares during the last quarter. Finally, Truist Financial Corp grew its stake in iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after buying an additional 1,507,442 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $57.44 on Friday. The company has a market cap of $41.15 billion, a P/E ratio of -34.13 and a beta of 0.20. The stock has a fifty day moving average price of $53.97 and a 200 day moving average price of $51.27. iShares Gold Trust has a 12 month low of $40.81 and a 12 month high of $57.59.

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.