World Investment Advisors Purchases 94,641 Shares of iShares Gold Trust (NYSEARCA:IAU)

World Investment Advisors raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 84.8% in the first quarter, HoldingsChannel.com reports. The firm owned 206,232 shares of the exchange traded fund’s stock after purchasing an additional 94,641 shares during the quarter. World Investment Advisors’ holdings in iShares Gold Trust were worth $12,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC boosted its position in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Gold Trust in the 1st quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter worth $28,000. Dunhill Financial LLC raised its stake in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares in the last quarter. Finally, Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth about $29,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $62.87 on Friday. iShares Gold Trust has a 52-week low of $44.40 and a 52-week high of $65.00. The company has a market capitalization of $47.36 billion, a PE ratio of 5.53 and a beta of 0.15. The company has a fifty day moving average of $62.65 and a 200-day moving average of $57.53.

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.