Nwam LLC Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Nwam LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.6% during the first quarter, Holdings Channel reports. The institutional investor owned 13,645 shares of the exchange traded fund’s stock after purchasing an additional 720 shares during the quarter. Nwam LLC’s holdings in iShares Gold Trust were worth $805,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IAU. Envestnet Asset Management Inc. boosted its position in iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after purchasing an additional 7,194,721 shares in the last quarter. LPL Financial LLC boosted its position in iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares in the last quarter. Wells Fargo & Company MN boosted its position in iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after purchasing an additional 1,183,962 shares in the last quarter. Allianz SE purchased a new stake in iShares Gold Trust during the fourth quarter worth $52,027,000. Finally, Intellus Advisors LLC purchased a new stake in iShares Gold Trust during the fourth quarter worth $38,727,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.3%

NYSEARCA IAU opened at $63.13 on Friday. iShares Gold Trust has a fifty-two week low of $44.46 and a fifty-two week high of $65.00. The stock has a market cap of $47.92 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The business has a fifty day moving average of $62.71 and a 200-day moving average of $58.47.

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.