Transform Wealth LLC Purchases 4,388 Shares of iShares Gold Trust (NYSEARCA:IAU)

Transform Wealth LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the first quarter, Holdings Channel.com reports. The firm owned 302,683 shares of the exchange traded fund’s stock after acquiring an additional 4,388 shares during the period. iShares Gold Trust makes up about 1.1% of Transform Wealth LLC’s investment portfolio, making the stock its 20th largest position. Transform Wealth LLC’s holdings in iShares Gold Trust were worth $17,846,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of iShares Gold Trust by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after buying an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $442,000. Betterment LLC boosted its stake in shares of iShares Gold Trust by 1.8% during the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock worth $546,000 after buying an additional 199 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in iShares Gold Trust by 494.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 850 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after purchasing an additional 2,257,590 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $62.77 on Wednesday. iShares Gold Trust has a 52-week low of $43.35 and a 52-week high of $64.98. The company has a market capitalization of $46.20 billion, a P/E ratio of -38.57 and a beta of 0.12. The company has a 50-day simple moving average of $61.68 and a 200 day simple moving average of $55.94.

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.