Nwam LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Nwam LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,925 shares of the exchange traded fund’s stock after purchasing an additional 654 shares during the quarter. Nwam LLC’s holdings in iShares Gold Trust were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IAU. Pinnacle Associates Ltd. grew its holdings in shares of iShares Gold Trust by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 11,598 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 814 shares during the period. JFS Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 64.0% in the third quarter. JFS Wealth Advisors LLC now owns 3,862 shares of the exchange traded fund’s stock valued at $192,000 after purchasing an additional 1,507 shares during the period. Focus Financial Network Inc. grew its holdings in shares of iShares Gold Trust by 4.8% in the third quarter. Focus Financial Network Inc. now owns 50,145 shares of the exchange traded fund’s stock valued at $2,492,000 after purchasing an additional 2,274 shares during the period. Nadler Financial Group Inc. grew its holdings in shares of iShares Gold Trust by 1.1% in the third quarter. Nadler Financial Group Inc. now owns 57,239 shares of the exchange traded fund’s stock valued at $2,845,000 after purchasing an additional 600 shares during the period. Finally, TPG Advisors LLC boosted its stake in iShares Gold Trust by 1.2% during the third quarter. TPG Advisors LLC now owns 27,826 shares of the exchange traded fund’s stock worth $1,383,000 after buying an additional 319 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $53.87 on Friday. The firm has a market cap of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20. The company has a 50-day moving average of $52.27 and a two-hundred day moving average of $50.44. iShares Gold Trust has a 1-year low of $38.65 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.