Wealthfront Advisers LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Wealthfront Advisers LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 183,744 shares of the exchange traded fund’s stock, valued at approximately $9,097,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAU. Proficio Capital Partners LLC boosted its stake in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. FMR LLC boosted its stake in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Empower Advisory Group LLC boosted its stake 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 during the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. boosted its stake in shares of iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after buying an additional 141,211 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.4 %

iShares Gold Trust stock opened at $55.30 on Thursday. The stock has a market cap of $37.53 billion, a P/E ratio of -33.32 and a beta of 0.20. The stock has a 50 day moving average of $53.15 and a 200-day moving average of $50.91. iShares Gold Trust has a 52 week low of $40.64 and a 52 week high of $55.70.

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.