PUREfi Wealth LLC Buys Shares of 3,831 iShares Gold Trust (NYSEARCA:IAU)

PUREfi Wealth LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,831 shares of the exchange traded fund’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IAU. Proficio Capital Partners LLC raised its holdings in iShares Gold Trust by 2,943.8% during the fourth 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 stake in 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 valued at $533,651,000 after buying an additional 7,194,721 shares in the last quarter. LPL Financial LLC boosted its stake in 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 valued at $427,293,000 after buying an additional 2,257,590 shares in the last quarter. Wells Fargo & Company MN grew its holdings 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 acquiring an additional 1,183,962 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares Gold Trust by 4,039.4% in the fourth 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 in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.0%

Shares of NYSEARCA IAU opened at $63.82 on Wednesday. iShares Gold Trust has a twelve month low of $43.35 and a twelve month high of $65.00. The firm has a 50-day moving average of $62.38 and a two-hundred day moving average of $56.43. The company has a market capitalization of $46.97 billion, a price-to-earnings 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.