Insigneo Advisory Services LLC Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

Insigneo Advisory Services LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 28,446 shares of the exchange traded fund’s stock after buying an additional 871 shares during the period. Insigneo Advisory Services LLC’s holdings in iShares Gold Trust were worth $1,408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IAU. Proficio Capital Partners LLC increased its stake in shares of iShares Gold Trust by 2,943.8% during the 4th 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 acquiring an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN increased its position in iShares Gold Trust by 10.7% during the fourth 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. JPMorgan Chase & Co. raised 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. Envestnet Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 7,194,721 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of iShares Gold Trust by 35.4% during 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 buying an additional 2,257,590 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 3.3 %

IAU stock opened at $62.93 on Thursday. iShares Gold Trust has a 52 week low of $43.05 and a 52 week high of $63.12. The company has a market cap of $45.47 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The business has a fifty day simple moving average of $56.63 and a 200-day simple moving average of $52.69.

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.