Fiduciary Financial Group LLC Purchases 237 Shares of iShares Gold Trust $IAU

Fiduciary Financial Group LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 98,338 shares of the exchange traded fund’s stock after acquiring an additional 237 shares during the quarter. iShares Gold Trust accounts for about 1.1% of Fiduciary Financial Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Fiduciary Financial Group LLC’s holdings in iShares Gold Trust were worth $6,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of iShares Gold Trust by 1.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after acquiring an additional 339,286 shares during the period. Envestnet Asset Management Inc. grew 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 acquiring an additional 6,797,066 shares during the period. LPL Financial LLC grew 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 acquiring an additional 2,552,405 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares Gold Trust by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after acquiring an additional 616,559 shares during the period. Finally, WealthNavi Inc. grew its holdings in shares of iShares Gold Trust by 2.1% in 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 during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $68.68 on Friday. iShares Gold Trust has a one year low of $48.11 and a one year high of $69.26. The firm has a market capitalization of $52.62 billion, a P/E ratio of 5.53 and a beta of 0.15. The business has a fifty day moving average of $64.13 and a 200 day moving average of $61.73.

iShares Gold Trust Company 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.