Global Wealth Management LLC Buys 545 Shares of iShares Gold Trust (NYSEARCA:IAU)

Global Wealth Management LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.1% during the first quarter, HoldingsChannel reports. The fund owned 18,058 shares of the exchange traded fund’s stock after acquiring an additional 545 shares during the quarter. iShares Gold Trust makes up about 0.6% of Global Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Global Wealth Management LLC’s holdings in iShares Gold Trust were worth $1,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quadrant Private Wealth Management LLC increased its stake in shares of iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares during the last quarter. TPG Advisors LLC increased its stake in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares during the last quarter. Betterment LLC increased its stake in shares of iShares Gold Trust by 1.8% in the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in iShares Gold Trust by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock worth $2,654,000 after purchasing an additional 200 shares in the last quarter. Finally, Ellis Investment Partners LLC increased its stake in iShares Gold Trust by 1.6% during the 4th quarter. Ellis Investment Partners LLC now owns 16,357 shares of the exchange traded fund’s stock worth $810,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $62.47 on Friday. The business has a 50 day simple moving average of $61.52 and a 200 day simple moving average of $55.77. iShares Gold Trust has a 52-week low of $43.35 and a 52-week high of $64.98. The stock has a market cap of $45.98 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12.

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.