iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 63.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,575,718 shares of the exchange traded fund’s stock after purchasing an additional 6,797,066 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Gold Trust were worth $1,036,264,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Betterment LLC grew its holdings in iShares Gold Trust by 1.8% during the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 199 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in iShares Gold Trust by 192.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after acquiring an additional 59,706 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in iShares Gold Trust during the 1st quarter worth $267,000. Smartleaf Asset Management LLC grew its holdings in iShares Gold Trust by 494.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 850 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in iShares Gold Trust by 35.4% during the 4th 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 in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $62.87 on Monday. The firm has a market cap of $47.36 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1-year low of $44.40 and a 1-year high of $65.00. The firm has a fifty day moving average of $62.65 and a two-hundred day moving average of $57.65.

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.