Valeo Financial Advisors LLC Has $857,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Valeo Financial Advisors LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,311 shares of the exchange traded fund’s stock after buying an additional 377 shares during the period. Valeo Financial Advisors LLC’s holdings in iShares Gold Trust were worth $857,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its position in shares of iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after buying an additional 142,487 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. Finally, WealthNavi Inc. grew its stake in iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after purchasing an additional 233,999 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.5 %

NYSEARCA IAU opened at $54.46 on Monday. The business has a 50 day simple moving average of $51.28 and a 200 day simple moving average of $49.83. iShares Gold Trust has a one year low of $37.76 and a one year high of $55.29.

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.