Wealthfront Advisers LLC Takes $9.10 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Wealthfront Advisers LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 183,744 shares of the exchange traded fund’s stock, valued at approximately $9,097,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at about $27,000. Archer Investment Corp grew its holdings in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth about $40,000. Finally, Valued Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $55.30 on Thursday. iShares Gold Trust has a 1 year low of $40.64 and a 1 year high of $55.70. The stock has a market capitalization of $37.53 billion, a P/E ratio of -33.32 and a beta of 0.20. The stock has a 50-day simple moving average of $53.15 and a 200-day simple moving average of $50.91.

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.