iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Essex Savings Bank

Essex Savings Bank increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,060 shares of the exchange traded fund’s stock after acquiring an additional 969 shares during the period. Essex Savings Bank’s holdings in iShares Gold Trust were worth $593,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in iShares Gold Trust by 2,943.8% in 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. Envestnet Asset Management Inc. boosted its position in iShares Gold Trust by 200.7% during 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 acquiring an additional 7,194,721 shares during the period. LPL Financial LLC boosted its position in 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 worth $427,293,000 after acquiring an additional 2,257,590 shares during the period. Wells Fargo & Company MN boosted its position in 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 acquiring an additional 1,183,962 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in iShares Gold Trust by 4,039.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock worth $55,375,000 after acquiring an additional 1,091,440 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.0%

Shares of NYSEARCA IAU opened at $63.82 on Wednesday. iShares Gold Trust has a one year low of $43.35 and a one year high of $65.00. The firm has a market capitalization of $46.97 billion, a PE ratio of -38.57 and a beta of 0.12. The business has a 50-day moving average price of $62.38 and a two-hundred day moving average price of $56.43.

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.