iShares Gold Trust $IAU Shares Purchased by TPG Advisors LLC

TPG Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,348 shares of the exchange traded fund’s stock after acquiring an additional 451 shares during the quarter. iShares Gold Trust accounts for about 1.3% of TPG Advisors LLC’s portfolio, making the stock its 22nd biggest holding. TPG Advisors LLC’s holdings in iShares Gold Trust were worth $1,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. grew its stake 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 period. Envestnet Asset Management Inc. grew its stake 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 period. LPL Financial LLC grew its stake 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 period. WealthNavi Inc. grew its stake 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 period. Finally, Ameriprise Financial Inc. grew its stake 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 period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $72.88 on Thursday. The company’s fifty day moving average price is $66.05 and its 200 day moving average price is $63.13. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $73.09. The stock has a market capitalization of $55.84 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.