WealthNavi Inc. Has $287.41 Million Position in iShares Gold Trust (NYSEARCA:IAU)

WealthNavi Inc. boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 4.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,782,790 shares of the exchange traded fund’s stock after acquiring an additional 233,999 shares during the period. iShares Gold Trust accounts for approximately 3.3% of WealthNavi Inc.’s portfolio, making the stock its 6th largest holding. WealthNavi Inc. owned approximately 0.90% of iShares Gold Trust worth $287,405,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in iShares Gold Trust by 8.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after acquiring an additional 1,830 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in iShares Gold Trust by 5.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 436 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in iShares Gold Trust by 13.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 396 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of iShares Gold Trust by 0.9% in the first quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock worth $3,181,000 after buying an additional 678 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU traded up $0.33 during mid-day trading on Thursday, hitting $51.62. 1,657,313 shares of the stock traded hands, compared to its average volume of 5,927,658. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92. The business’s 50-day moving average price is $48.90 and its 200 day moving average price is $46.16.

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.