Wealthfront Advisers LLC Grows Stake in iShares Gold Trust $IAU

Wealthfront Advisers LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 549.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,506 shares of the exchange traded fund’s stock after purchasing an additional 31,728 shares during the period. Wealthfront Advisers LLC’s holdings in iShares Gold Trust were worth $2,729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. MTM Investment Management LLC acquired a new position in iShares Gold Trust during the 2nd quarter valued at about $25,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares Gold Trust during the third quarter worth about $29,000. Fourth Dimension Wealth LLC increased its holdings in shares of iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 349 shares in the last quarter. Private Wealth Management Group LLC raised its position in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the last quarter. Finally, Key Financial Inc acquired a new stake in iShares Gold Trust in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 2.5%

NYSEARCA:IAU opened at $94.75 on Friday. iShares Gold Trust has a twelve month low of $53.44 and a twelve month high of $104.40. The company has a market cap of $80.00 billion, a PE ratio of 5.53 and a beta of 0.09. The company’s 50 day moving average is $87.22 and its two-hundred day moving average is $77.06.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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