Stone Summit Wealth LLC Has $308,000 Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Stone Summit Wealth LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,223 shares of the exchange traded fund’s stock after acquiring an additional 1,081 shares during the quarter. Stone Summit Wealth LLC’s holdings in iShares Gold Trust were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its position in shares of 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. Wells Fargo & Company MN raised its stake 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 buying an additional 1,183,962 shares during the period. Envestnet Asset Management Inc. raised its stake 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 buying an additional 7,194,721 shares during the period. LPL Financial LLC lifted its holdings 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 worth $427,293,000 after acquiring an additional 2,257,590 shares in the last quarter. Finally, WealthNavi Inc. lifted its holdings in iShares Gold Trust by 2.1% during the first quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock worth $356,684,000 after acquiring an additional 125,599 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.1%

NYSEARCA:IAU opened at $62.80 on Friday. The stock has a market cap of $47.14 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a 50-day moving average price of $62.70 and a two-hundred day moving average price of $57.03. iShares Gold Trust has a 1 year low of $43.82 and a 1 year high of $65.00.

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.