Fiduciary Financial Group LLC Acquires 6,225 Shares of iShares Gold Trust (NYSEARCA:IAU)

Fiduciary Financial Group LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,101 shares of the exchange traded fund’s stock after purchasing an additional 6,225 shares during the period. iShares Gold Trust accounts for approximately 1.2% of Fiduciary Financial Group LLC’s investment portfolio, making the stock its 20th biggest holding. Fiduciary Financial Group LLC’s holdings in iShares Gold Trust were worth $5,867,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Proficio Capital Partners LLC grew its holdings in shares of iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of iShares Gold Trust by 10.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after acquiring an additional 7,194,721 shares during the last quarter. LPL Financial LLC raised its holdings in iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. raised its holdings in iShares Gold Trust by 2.1% in the 1st quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock valued at $356,684,000 after acquiring an additional 125,599 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $62.74 on Tuesday. The firm has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $55.89. iShares Gold Trust has a 1-year low of $43.35 and a 1-year high of $64.98. The stock has a market cap of $46.18 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12.

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.