TPG Advisors LLC Buys Shares of 27,507 iShares Gold Trust (NYSEARCA:IAU)

TPG Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,507 shares of the exchange traded fund’s stock, valued at approximately $1,208,000. iShares Gold Trust makes up about 1.0% of TPG Advisors LLC’s investment portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock valued at $133,523,000 after buying an additional 178,898 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of iShares Gold Trust by 5.0% in the first quarter. Equitable Trust Co. now owns 2,694,867 shares of the exchange traded fund’s stock valued at $113,211,000 after buying an additional 127,828 shares during the period. GM Advisory Group LLC increased its position in shares of iShares Gold Trust by 1.7% during the fourth quarter. GM Advisory Group LLC now owns 2,166,673 shares of the exchange traded fund’s stock worth $84,565,000 after acquiring an additional 36,696 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after acquiring an additional 44,515 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $49.52 on Friday. iShares Gold Trust has a one year low of $34.35 and a one year high of $49.60. The stock’s 50-day moving average is $46.79 and its 200-day moving average is $44.72.

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.