Foster Group Inc. Invests $210,000 in iShares Gold Trust $IAU

Foster Group Inc. acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,368 shares of the exchange traded fund’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also made changes to their positions in IAU. Envestnet Asset Management Inc. lifted its stake in shares of iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares during the period. LPL Financial LLC lifted its stake in shares of iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of iShares Gold Trust during the first quarter worth $68,629,000. Charles Schwab Investment Management Inc. lifted its stake in shares of iShares Gold Trust by 1,357.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after buying an additional 913,987 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of iShares Gold Trust by 101.4% during the first quarter. Park Avenue Securities LLC now owns 1,374,967 shares of the exchange traded fund’s stock worth $81,068,000 after buying an additional 692,113 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.7%

NYSEARCA:IAU opened at $70.63 on Tuesday. The company has a market capitalization of $54.11 billion, a P/E ratio of 5.53 and a beta of 0.15. The firm has a fifty day simple moving average of $64.93 and a 200-day simple moving average of $62.45. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $70.65.

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.