Walker Asset Management LLC Takes $234,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Walker Asset Management LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,975 shares of the exchange traded fund’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in shares of iShares Gold Trust by 2,943.8% in the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN boosted its stake in iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after buying an additional 1,183,962 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after purchasing an additional 7,194,721 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after purchasing an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. lifted its stake in shares of iShares Gold Trust by 2.1% in the 1st quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock valued at $356,684,000 after purchasing an additional 125,599 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.4%

Shares of iShares Gold Trust stock opened at $62.74 on Tuesday. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $64.98. The business’s fifty day simple moving average is $61.59 and its 200-day simple moving average is $55.89. The firm has a market cap of $46.18 billion, a PE ratio of -38.57 and a beta of 0.12.

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.