W Advisors LLC Acquires New Stake in iShares Gold Trust (NYSEARCA:IAU)

W Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,611 shares of the exchange traded fund’s stock, valued at approximately $228,000.

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

iShares Gold Trust Trading Down 1.1 %

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 business’s 50-day moving average price is $50.17 and its 200-day moving average price 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.