Mission Wealth Management LP Has $501,000 Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Mission Wealth Management LP increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,126 shares of the exchange traded fund’s stock after purchasing an additional 798 shares during the quarter. Mission Wealth Management LP’s holdings in iShares Gold Trust were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its position in iShares Gold Trust by 2,943.8% during 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 purchasing an additional 63,382,112 shares in the last quarter. FMR LLC increased its position in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after purchasing an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares in the last quarter. Empower Advisory Group LLC increased its position in iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU stock opened at $55.17 on Thursday. The company has a 50 day simple moving average of $52.61 and a 200 day simple moving average of $50.64. The stock has a market cap of $37.44 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1 year low of $40.33 and a 1 year high of $55.70.

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.