Envestnet Asset Management Inc. Purchases 479,796 Shares of iShares Gold Trust (NYSEARCA:IAU)

Envestnet Asset Management Inc. grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,518,705 shares of the exchange traded fund’s stock after buying an additional 479,796 shares during the period. Envestnet Asset Management Inc. owned approximately 0.54% of iShares Gold Trust worth $154,577,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Southland Equity Partners LLC increased its position in shares of iShares Gold Trust by 21.8% in the first quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 1,590 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of iShares Gold Trust by 8.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock worth $1,034,000 after purchasing an additional 1,830 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of iShares Gold Trust by 5.9% in the first quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 436 shares during the period. Novak & Powell Financial Services Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter worth $1,536,000. Finally, Geneos Wealth Management Inc. increased its position in shares of iShares Gold Trust by 13.0% in the first quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 396 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $48.80 on Monday. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $48.85. The stock’s fifty day moving average is $46.42 and its 200 day moving average is $44.47.

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.