Jackson Wealth Management LLC Purchases Shares of 3,831 iShares Gold Trust $IAU

Jackson Wealth Management LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,831 shares of the exchange traded fund’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew 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 buying an additional 339,286 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after purchasing an additional 6,797,066 shares during the period. LPL Financial LLC grew its holdings in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after purchasing an additional 2,552,405 shares during the period. WealthNavi Inc. grew its holdings in shares of iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after purchasing an additional 521,530 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after purchasing an additional 616,559 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $73.22 on Friday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $73.43. The stock has a market capitalization of $59.82 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock has a 50-day simple moving average of $66.44 and a 200-day simple moving average of $63.35.

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.