Blueprint Investment Partners LLC Increases Position in iShares Gold Trust (NYSEARCA:IAU)

Blueprint Investment Partners LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 73,891 shares of the exchange traded fund’s stock after acquiring an additional 586 shares during the period. Blueprint Investment Partners LLC’s holdings in iShares Gold Trust were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of iShares Gold Trust by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 110,016 shares of the exchange traded fund’s stock worth $5,468,000 after buying an additional 640 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of iShares Gold Trust by 346.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 22,278 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 17,284 shares in the last quarter. Citigroup Inc. lifted its stake in shares of iShares Gold Trust by 72.9% in the 3rd quarter. Citigroup Inc. now owns 580,005 shares of the exchange traded fund’s stock valued at $28,826,000 after purchasing an additional 244,601 shares during the period. Meridian Wealth Management LLC purchased a new stake in iShares Gold Trust during the third quarter worth $578,000. Finally, Nwam LLC acquired a new stake in iShares Gold Trust during the third quarter valued at $610,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

NYSEARCA:IAU opened at $56.97 on Friday. iShares Gold Trust has a 52 week low of $41.05 and a 52 week high of $57.59. The stock’s 50-day moving average price is $54.10 and its 200-day moving average price is $51.37. The stock has a market capitalization of $40.81 billion, a PE ratio of -34.13 and a beta of 0.20.

About iShares Gold Trust

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.