Envestnet Portfolio Solutions Inc. Has $124.23 Million Holdings in iShares Gold Trust $IAU

Envestnet Portfolio Solutions Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 51.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,707,152 shares of the exchange traded fund’s stock after buying an additional 582,911 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares Gold Trust were worth $124,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Keener Financial Planning LLC acquired a new stake in iShares Gold Trust during the 2nd quarter worth about $25,000. MTM Investment Management LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC grew its stake in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc acquired a new stake in iShares Gold Trust during the second quarter worth approximately $28,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in iShares Gold Trust in the third quarter worth approximately $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $92.56 on Friday. The firm has a market cap of $77.80 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52-week low of $51.52 and a 52-week high of $92.78. The business’s 50 day moving average price is $81.97 and its two-hundred day moving average price is $73.58.

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iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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