Wealth Enhancement Advisory Services LLC Has $39.11 Million Stock Holdings in iShares Gold Trust $IAU

Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,391 shares of the exchange traded fund’s stock after acquiring an additional 10,659 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of iShares Gold Trust worth $39,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in IAU. Bank of America Corp DE raised its holdings in iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after purchasing an additional 456,140 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Gold Trust by 47.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after purchasing an additional 6,623,876 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after buying an additional 2,245,617 shares during the period. UBS Group AG raised its stake in iShares Gold Trust by 6.5% during the third quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after buying an additional 561,489 shares during the last quarter. Finally, WealthNavi Inc. raised its stake in iShares Gold Trust by 8.5% during the third quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock worth $518,890,000 after buying an additional 559,413 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 2.3%

IAU stock opened at $82.78 on Tuesday. The firm has a market cap of $69.90 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company’s fifty day simple moving average is $93.58 and its 200 day simple moving average is $82.90. iShares Gold Trust has a 12-month low of $55.78 and a 12-month high of $104.40.

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iShares Gold Trust 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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