MA Private Wealth Buys 139,163 Shares of iShares Gold Trust $IAU

MA Private Wealth boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3,577.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,053 shares of the exchange traded fund’s stock after purchasing an additional 139,163 shares during the period. iShares Gold Trust accounts for approximately 1.6% of MA Private Wealth’s holdings, making the stock its 19th largest holding. MA Private Wealth’s holdings in iShares Gold Trust were worth $8,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in iShares Gold Trust by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after purchasing an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC increased its holdings in iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares in the last quarter. WealthNavi Inc. increased its holdings in iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after purchasing an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $74.83 on Friday. The stock has a fifty day moving average of $67.48 and a 200-day moving average of $63.84. The stock has a market capitalization of $61.74 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $76.49.

About iShares Gold Trust

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.