Geneos Wealth Management Inc. Acquires 282 Shares of iShares Gold Trust (NYSEARCA:IAU)

Geneos Wealth Management Inc. lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 10.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,050 shares of the exchange traded fund’s stock after purchasing an additional 282 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares Gold Trust were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its position in iShares Gold Trust by 413,629.4% in the 4th 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 purchasing an additional 28,991,285 shares during the period. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares during the period. Packer & Co Ltd purchased a new stake in iShares Gold Trust in the 3rd quarter worth about $125,443,000. WealthNavi Inc. raised its position in iShares Gold Trust by 68.4% in the 3rd quarter. WealthNavi Inc. now owns 3,909,316 shares of the exchange traded fund’s stock worth $136,787,000 after purchasing an additional 1,588,425 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in iShares Gold Trust in the 3rd quarter worth about $50,473,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $45.13 on Tuesday. The firm has a market capitalization of $29.39 billion, a P/E ratio of -27.15 and a beta of 0.13. The company’s 50-day moving average is $40.64 and its 200 day moving average is $38.74. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $45.98.

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.