Lifeworks Advisors LLC Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Lifeworks Advisors LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,742 shares of the exchange traded fund’s stock after acquiring an additional 26,290 shares during the period. iShares Gold Trust accounts for about 1.5% of Lifeworks Advisors LLC’s portfolio, making the stock its 8th biggest holding. Lifeworks Advisors LLC’s holdings in iShares Gold Trust were worth $8,503,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings 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 valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. FMR LLC grew its position in shares of iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC lifted its position in shares of iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after buying an additional 111,210 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $54.91 on Friday. iShares Gold Trust has a 1-year low of $40.63 and a 1-year high of $55.70. The business has a 50 day simple moving average of $52.82 and a two-hundred day simple moving average of $50.72. The stock has a market capitalization of $37.26 billion, a PE ratio of -33.32 and a beta of 0.20.

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.