Global Assets Advisory LLC Purchases New Stake in iShares Gold Trust (NYSEARCA:IAU)

Global Assets Advisory LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,042 shares of the exchange traded fund’s stock, valued at approximately $350,000.

A number of other large investors have also added to or reduced their stakes in IAU. Proficio Capital Partners LLC raised its stake in 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 period. Envestnet Asset Management Inc. raised its stake 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 during the period. LPL Financial LLC raised its stake in iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after acquiring an additional 2,257,590 shares during the period. Wells Fargo & Company MN raised its stake in iShares Gold Trust by 10.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after acquiring an additional 1,183,962 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in iShares Gold Trust by 4,039.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock valued at $55,375,000 after acquiring an additional 1,091,440 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.3%

IAU opened at $62.85 on Thursday. iShares Gold Trust has a 1-year low of $43.35 and a 1-year high of $65.00. The stock’s fifty day simple moving average is $62.70 and its 200 day simple moving average is $56.94. The stock has a market cap of $46.90 billion, a PE ratio of 5.53 and a beta of 0.12.

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.