TPG Advisors LLC Raises Position in iShares Gold Trust (NYSEARCA:IAU)

TPG Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,826 shares of the exchange traded fund’s stock after acquiring an additional 319 shares during the quarter. iShares Gold Trust accounts for about 1.1% of TPG Advisors LLC’s portfolio, making the stock its 26th largest position. TPG Advisors LLC’s holdings in iShares Gold Trust were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. WealthNavi Inc. grew its holdings in iShares Gold Trust by 4.2% during the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after acquiring an additional 233,999 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of 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 worth $154,577,000 after purchasing an additional 479,796 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of iShares Gold Trust by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock worth $152,207,000 after purchasing an additional 23,058 shares in the last quarter. Truist Financial Corp raised its stake in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in iShares Gold Trust by 2.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after buying an additional 44,515 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.5 %

Shares of IAU traded up $0.26 during mid-day trading on Friday, reaching $52.10. The company’s stock had a trading volume of 659,024 shares, compared to its average volume of 5,917,603. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $52.69. The company’s 50 day moving average is $49.48 and its 200 day moving average is $46.46.

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.