Cambridge Investment Research Advisors Inc. Buys 48,343 Shares of iShares Gold Trust (NYSEARCA:IAU)

Cambridge Investment Research Advisors Inc. raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 717,417 shares of the exchange traded fund’s stock after buying an additional 48,343 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in iShares Gold Trust were worth $35,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in IAU. Proficio Capital Partners LLC increased its stake in iShares Gold Trust by 2,943.8% in 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 acquiring an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN increased 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 valued at $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. Envestnet Asset Management Inc. lifted its position 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 worth $533,651,000 after buying an additional 7,194,721 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $64.57 on Wednesday. The company has a market capitalization of $47.44 billion, a PE ratio of -37.96 and a beta of 0.17. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98. The company’s 50 day moving average price is $58.79 and its two-hundred day moving average price is $53.93.

iShares Gold Trust 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.