WealthNavi Inc. Grows Holdings in iShares Gold Trust (NYSEARCA:IAU)

WealthNavi Inc. increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 164.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,320,891 shares of the exchange traded fund’s stock after buying an additional 1,442,110 shares during the period. iShares Gold Trust comprises approximately 1.4% of WealthNavi Inc.’s portfolio, making the stock its 8th largest position. WealthNavi Inc. owned 0.30% of iShares Gold Trust worth $84,457,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IAU. FMR LLC lifted its holdings in iShares Gold Trust by 5.9% during the 1st quarter. FMR LLC now owns 40,608,382 shares of the exchange traded fund’s stock worth $1,517,535,000 after buying an additional 2,273,819 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of iShares Gold Trust by 413,629.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund’s stock worth $1,003,051,000 after acquiring an additional 28,991,285 shares during the period. Morgan Stanley boosted its holdings in iShares Gold Trust by 3.2% in the fourth quarter. Morgan Stanley now owns 22,233,703 shares of the exchange traded fund’s stock valued at $769,064,000 after acquiring an additional 694,430 shares during the last quarter. Charles Schwab Investment Advisory Inc. increased its position in iShares Gold Trust by 1.4% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 21,165,835 shares of the exchange traded fund’s stock valued at $779,537,000 after purchasing an additional 292,574 shares during the period. Finally, Empower Advisory Group LLC bought a new position in iShares Gold Trust during the 1st quarter worth approximately $520,181,000. Institutional investors own 58.45% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU remained flat at $36.15 during trading on Thursday. 1,824,183 shares of the stock were exchanged, compared to its average volume of 4,826,596. iShares Gold Trust has a 12 month low of $30.69 and a 12 month high of $39.04. The business’s 50 day moving average is $36.60 and its two-hundred day moving average is $36.92.

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.