Assetmark Inc. Acquires 49,368 Shares of iShares Gold Trust $IAU

Assetmark Inc. raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 676,720 shares of the exchange traded fund’s stock after acquiring an additional 49,368 shares during the quarter. Assetmark Inc. owned about 0.09% of iShares Gold Trust worth $42,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IAU. Envestnet Asset Management Inc. increased its holdings in shares of iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after purchasing an additional 6,797,066 shares during the period. LPL Financial LLC increased its holdings in shares of iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after purchasing an additional 2,552,405 shares during the period. Mainstay Capital Management LLC ADV increased its holdings in shares of iShares Gold Trust by 12,087.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after purchasing an additional 1,318,237 shares during the period. Erste Asset Management GmbH bought a new position in shares of iShares Gold Trust in the first quarter worth $68,629,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of iShares Gold Trust by 1,357.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after purchasing an additional 913,987 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $75.79 on Friday. The stock has a market cap of $62.60 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $82.55. The firm’s fifty day moving average price is $71.76 and its 200-day moving average price is $65.91.

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.