Bruce G. Allen Investments LLC Has $132,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Bruce G. Allen Investments LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,231 shares of the exchange traded fund’s stock after selling 275 shares during the period. Bruce G. Allen Investments LLC’s holdings in iShares Gold Trust were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Quadrant Private Wealth Management LLC boosted its holdings 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 worth $426,000 after buying an additional 195 shares during the last quarter. TPG Advisors LLC raised its position in iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after acquiring an additional 199 shares during the period. Betterment LLC boosted its stake in iShares Gold Trust by 1.8% in the fourth 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. grew its position in shares of 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 valued at $2,654,000 after acquiring an additional 200 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in shares of iShares Gold Trust by 1.5% during the 1st quarter. Capital Investment Advisors LLC now owns 15,915 shares of the exchange traded fund’s stock worth $938,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.3%

Shares of NYSEARCA IAU opened at $62.47 on Monday. The stock has a fifty day simple moving average of $61.52 and a two-hundred day simple moving average of $55.81. iShares Gold Trust has a 1-year low of $43.35 and a 1-year high of $64.98. The firm 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 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.