WealthNavi Inc. Raises Stock Position in iShares Gold Trust (NYSEARCA:IAU)

WealthNavi Inc. increased its position in iShares Gold Trust (NYSEARCA:IAU) by 4.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,782,790 shares of the exchange traded fund’s stock after purchasing an additional 233,999 shares during the period. iShares Gold Trust makes up 3.3% of WealthNavi Inc.’s holdings, making the stock its 6th biggest holding. WealthNavi Inc.’s holdings in iShares Gold Trust were worth $287,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC grew its position in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock worth $152,207,000 after buying an additional 23,058 shares during the last quarter. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after acquiring an additional 44,515 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after acquiring an additional 581,671 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 0.6 %

iShares Gold Trust stock traded up $0.33 during mid-day trading on Thursday, reaching $51.62. 1,657,313 shares of the company traded hands, compared to its average volume of 5,927,658. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $51.92. The firm’s 50 day moving average price is $48.90 and its 200 day moving average price is $46.16.

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.