iShares Gold Trust (NYSEARCA:IAU) is Spectrum Asset Management Inc. NB CA’s 2nd Largest Position

Spectrum Asset Management Inc. NB CA increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,697 shares of the exchange traded fund’s stock after purchasing an additional 20,793 shares during the period. iShares Gold Trust makes up 5.3% of Spectrum Asset Management Inc. NB CA’s holdings, making the stock its 2nd biggest position. Spectrum Asset Management Inc. NB CA’s holdings in iShares Gold Trust were worth $12,410,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp grew its position in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of iShares Gold Trust in the first quarter worth about $30,021,000. Hsbc Holdings PLC lifted its stake in shares of iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares Gold Trust in the second quarter worth about $26,134,000. Finally, Cetera Investment Advisers lifted its stake in shares of iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $51.29 on Thursday. The company’s 50-day moving average price is $48.90 and its 200-day moving average price is $46.16. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $51.92.

About iShares Gold Trust

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.