Twin Peaks Wealth Advisors LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Twin Peaks Wealth Advisors LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 107.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,463 shares of the exchange traded fund’s stock after buying an additional 11,111 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,308,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC increased its holdings in shares of iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares Gold Trust by 10.7% in the 4th 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. increased its holdings 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 worth $533,651,000 after buying an additional 7,194,721 shares during the last quarter. LPL Financial LLC increased its holdings 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 worth $427,293,000 after buying an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. increased its holdings 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 worth $356,684,000 after buying an additional 125,599 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 1.2%

iShares Gold Trust stock opened at $63.89 on Friday. The company’s 50-day moving average price is $61.95 and its 200-day moving average price is $56.09. iShares Gold Trust has a twelve month low of $43.35 and a twelve month high of $64.98. The company has a market cap of $47.02 billion, a PE ratio of -38.57 and a beta of 0.12.

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.