Unique Wealth LLC Has $2.65 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Unique Wealth LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 236.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 44,930 shares of the exchange traded fund’s stock after purchasing an additional 31,594 shares during the period. Unique Wealth LLC’s holdings in iShares Gold Trust were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Proficio Capital Partners LLC grew its holdings 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 worth $3,244,648,000 after purchasing an additional 63,382,112 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares Gold Trust by 10.7% in the fourth 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 position in shares of 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 acquiring an additional 981,362 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after acquiring an additional 7,194,721 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $63.29 on Friday. The business has a 50 day simple moving average of $61.44 and a 200 day simple moving average of $55.65. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98. The stock has a market capitalization of $46.58 billion, a P/E ratio of -38.57 and a beta of 0.12.

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.