Financial Engines Advisors L.L.C. Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Financial Engines Advisors L.L.C. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,098 shares of the exchange traded fund’s stock, valued at approximately $599,000.

Several other hedge funds have also recently modified their holdings of IAU. Proficio Capital Partners LLC boosted its stake in 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 during the last quarter. LPL Financial LLC lifted its stake in shares of iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares in the last quarter. Quadrature Capital Ltd acquired a new position in iShares Gold Trust during the third quarter worth about $95,801,000. Truist Financial Corp raised its holdings in iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after acquiring an additional 1,507,442 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in iShares Gold Trust by 4,039.4% in 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 purchasing an additional 1,091,440 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $57.68 on Friday. iShares Gold Trust has a one year low of $41.65 and a one year high of $58.12. The stock has a 50 day moving average price of $54.61 and a 200 day moving average price of $51.62. The stock has a market cap of $41.32 billion, a PE ratio of -34.13 and a beta of 0.20.

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.