Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 739 Shares of iShares Gold Trust (NYSEARCA:IAU)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 51,174 shares of the exchange traded fund’s stock after buying an additional 739 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares Gold Trust were worth $2,975,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IAU. Proficio Capital Partners LLC boosted its stake in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after purchasing an additional 63,382,112 shares during the period. Wells Fargo & Company MN lifted its stake in iShares Gold Trust by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after buying an additional 7,194,721 shares during the period. LPL Financial LLC boosted its position in shares of 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 valued at $427,293,000 after buying an additional 2,257,590 shares during the period. Finally, WealthNavi Inc. grew its stake in shares of iShares Gold Trust by 2.1% during the first quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock valued at $356,684,000 after buying an additional 125,599 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 $63.48 on Thursday. iShares Gold Trust has a fifty-two week low of $43.35 and a fifty-two week high of $65.00. The company has a market cap of $46.72 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. The business’s 50 day moving average price is $62.48 and its 200-day moving average price is $56.48.

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.