W Advisors LLC Invests $228,000 in iShares Gold Trust (NYSEARCA:IAU)

W Advisors LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,611 shares of the exchange traded fund’s stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after buying an additional 111,210 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. increased its stake in shares of iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after buying an additional 233,999 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $51.76 on Tuesday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69. The company’s fifty day simple moving average is $50.17 and its two-hundred day simple moving average is $49.01.

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.