Marcum Wealth LLC Purchases Shares of 7,250 iShares Gold Trust (NYSEARCA:IAU)

Marcum Wealth LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, Holdings Channel reports. The firm purchased 7,250 shares of the exchange traded fund’s stock, valued at approximately $359,000.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after buying an additional 142,487 shares during the last quarter. Empower Advisory Group LLC grew its stake in shares of iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. grew its stake in shares of iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after buying an additional 233,999 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of NYSEARCA:IAU opened at $50.53 on Wednesday. The stock’s 50-day moving average price is $49.85 and its 200-day moving average price is $48.62. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.