Sequoia Financial Advisors LLC Boosts Stock Position in iShares Gold Trust $IAU

Sequoia Financial Advisors LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,037 shares of the exchange traded fund’s stock after purchasing an additional 397 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares Gold Trust were worth $4,804,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC raised its position in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares in the last quarter. GAMMA Investing LLC raised its position in iShares Gold Trust by 17.6% during the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 245 shares in the last quarter. Fifth Third Bancorp raised its position in iShares Gold Trust by 23.4% during the first quarter. Fifth Third Bancorp now owns 5,586 shares of the exchange traded fund’s stock valued at $329,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in iShares Gold Trust by 17.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 357,429 shares of the exchange traded fund’s stock valued at $21,074,000 after acquiring an additional 54,096 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8%

NYSEARCA IAU opened at $78.03 on Wednesday. The stock has a market capitalization of $64.49 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $78.29. The stock has a 50-day moving average of $68.29 and a 200 day moving average of $64.30.

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.