Gerber Kawasaki Wealth & Investment Management Has $4.01 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Gerber Kawasaki Wealth & Investment Management grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 81,044 shares of the exchange traded fund’s stock after buying an additional 4,413 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Gold Trust were worth $4,012,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IAU. Quadrant Private Wealth Management LLC grew its position in shares of iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares during the period. TPG Advisors LLC grew its holdings in shares of iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after purchasing an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in iShares Gold Trust by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after acquiring an additional 200 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after buying an additional 212 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $62.34 on Friday. The company has a market cap of $45.80 billion, a P/E ratio of -37.96 and a beta of 0.17. The stock’s 50-day simple moving average is $57.77 and its 200 day simple moving average is $53.32. iShares Gold Trust has a 52-week low of $43.05 and a 52-week high of $64.98.

iShares Gold Trust 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.