Summit Place Financial Advisors LLC Has $6.62 Million Stock Position in iShares Gold Trust $IAU

Summit Place Financial Advisors LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,140 shares of the exchange traded fund’s stock after purchasing an additional 2,930 shares during the quarter. iShares Gold Trust accounts for about 3.3% of Summit Place Financial Advisors LLC’s holdings, making the stock its 4th biggest holding. Summit Place Financial Advisors LLC’s holdings in iShares Gold Trust were worth $6,619,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its position in 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 valued at $1,057,748,000 after purchasing an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 63.1% during 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 acquiring an additional 6,797,066 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after acquiring an additional 2,552,405 shares during the last quarter. WealthNavi Inc. raised its position in shares of iShares Gold Trust by 8.6% during the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after acquiring an additional 521,530 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after acquiring an additional 616,559 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $75.58 on Friday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The business has a 50-day moving average of $67.72 and a 200-day moving average of $63.97.

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.