iShares Gold Trust $IAU Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 18.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,595,990 shares of the exchange traded fund’s stock after purchasing an additional 1,019,135 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Gold Trust were worth $535,396,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Savant Capital LLC boosted its holdings in shares of iShares Gold Trust by 11.0% in the 4th quarter. Savant Capital LLC now owns 41,298 shares of the exchange traded fund’s stock valued at $3,352,000 after buying an additional 4,082 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of iShares Gold Trust by 10.3% in the 4th quarter. Moors & Cabot Inc. now owns 31,432 shares of the exchange traded fund’s stock valued at $2,551,000 after purchasing an additional 2,931 shares during the period. CFS Investment Advisory Services LLC boosted its position in shares of iShares Gold Trust by 6.6% in the 4th quarter. CFS Investment Advisory Services LLC now owns 5,260 shares of the exchange traded fund’s stock valued at $427,000 after purchasing an additional 324 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 0.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 818,322 shares of the exchange traded fund’s stock valued at $66,423,000 after purchasing an additional 2,536 shares during the period. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0%

Shares of NYSEARCA IAU opened at $84.59 on Friday. The stock has a market cap of $72.02 billion, a PE ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The business has a 50-day moving average price of $87.24 and a 200 day moving average price of $87.33.

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iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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