Ameriprise Financial Inc. Purchases 500,498 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ameriprise Financial Inc. lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,851,040 shares of the exchange traded fund’s stock after acquiring an additional 500,498 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.87% of iShares Gold Trust worth $289,678,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Proficio Capital Partners LLC grew its holdings in shares of iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after purchasing an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN lifted its position in iShares Gold Trust by 10.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after buying an additional 1,183,962 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 acquiring an additional 981,362 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after acquiring an additional 7,194,721 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 3.0 %

Shares of IAU stock opened at $62.79 on Tuesday. The firm has a market capitalization of $46.13 billion, a price-to-earnings ratio of -37.96 and a beta of 0.17. The firm’s 50 day moving average is $58.58 and its 200-day moving average is $53.86. iShares Gold Trust has a 1 year low of $43.24 and a 1 year high of $64.98.

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.