Opal Wealth Advisors LLC Takes $97,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 1,641 shares of the exchange traded fund’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its holdings 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 valued at $3,244,648,000 after purchasing an additional 63,382,112 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after purchasing an additional 7,194,721 shares in the last quarter. LPL Financial LLC increased its position 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 valued at $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. increased its position 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 valued at $356,684,000 after acquiring an additional 125,599 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $64.74 on Friday. The stock has a market cap of $47.65 billion, a PE ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a one year low of $43.35 and a one year high of $65.00. The stock has a fifty day moving average of $62.12 and a 200 day moving average of $56.24.

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.