iShares Gold Trust $IAU Shares Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,493 shares of the exchange traded fund’s stock after acquiring an additional 1,022 shares during the period. Valmark Advisers Inc.’s holdings in iShares Gold Trust were worth $654,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in iShares Gold Trust by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after acquiring an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after acquiring an additional 6,797,066 shares during the last quarter. LPL Financial LLC raised its holdings in iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after acquiring an additional 2,552,405 shares during the last quarter. WealthNavi Inc. raised its holdings in iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after acquiring an additional 521,530 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares Gold Trust by 10.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after acquiring an additional 616,559 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU opened at $74.83 on Friday. The stock has a fifty day moving average of $67.48 and a two-hundred day moving average of $63.84. The company has a market capitalization of $61.74 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $76.49.

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.