Atria Wealth Solutions Inc. Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Atria Wealth Solutions Inc. grew its position in iShares Gold Trust (NYSEARCA:IAU) by 17.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 463,034 shares of the exchange traded fund’s stock after purchasing an additional 68,501 shares during the period. Atria Wealth Solutions Inc.’s holdings in iShares Gold Trust were worth $27,301,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in iShares Gold Trust by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after buying an additional 339,286 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after acquiring an additional 6,797,066 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after acquiring an additional 2,552,405 shares during the last quarter. WealthNavi Inc. increased its stake in shares of iShares Gold Trust by 2.1% in the first quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock worth $356,684,000 after acquiring an additional 125,599 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of iShares Gold Trust by 9.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,851,040 shares of the exchange traded fund’s stock worth $289,678,000 after acquiring an additional 500,498 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $63.64 on Tuesday. The company has a market capitalization of $48.41 billion, a PE ratio of 5.53 and a beta of 0.15. The company has a fifty day moving average of $63.05 and a 200 day moving average of $59.57. iShares Gold Trust has a 1 year low of $44.99 and a 1 year high of $65.00.

iShares Gold Trust 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.