Wells Financial Advisors INC Makes New $99,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Wells Financial Advisors INC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the exchange traded fund’s stock, valued at approximately $99,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Proficio Capital Partners LLC raised its holdings in iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares in the last quarter. FMR LLC lifted its position in iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after purchasing an additional 60,784 shares during the period. JPMorgan Chase & Co. lifted its position in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. LPL Financial LLC grew its stake in iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares in the last quarter. Finally, WealthNavi Inc. increased its holdings in iShares Gold Trust by 2.4% in the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after buying an additional 141,211 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.5 %

Shares of iShares Gold Trust stock opened at $56.99 on Wednesday. The company has a market cap of $40.83 billion, a PE ratio of -34.13 and a beta of 0.20. The company has a 50 day moving average of $54.36 and a 200-day moving average of $51.54. iShares Gold Trust has a 1-year low of $41.08 and a 1-year high of $57.59.

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.