Ritholtz Wealth Management Purchases Shares of 3,858 iShares Gold Trust $IAU

Ritholtz Wealth Management purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,858 shares of the exchange traded fund’s stock, valued at approximately $241,000.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares Gold Trust by 1.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after buying an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares in the last quarter. WealthNavi Inc. lifted its holdings in shares of iShares Gold Trust by 8.6% in the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after buying an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Gold Trust by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after buying an additional 616,559 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $77.38 on Wednesday. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The company’s fifty day moving average price is $69.93 and its 200-day moving average price is $65.04. The company has a market capitalization of $64.43 billion, a PE ratio of 5.53 and a beta of 0.15.

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.