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

Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 18.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter. Northwestern Mutual Wealth Management Co. owned 0.78% of iShares Gold Trust worth $535,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after acquiring an additional 456,140 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Gold Trust by 47.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after acquiring an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 20.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after acquiring an additional 2,245,617 shares in the last quarter. UBS Group AG grew its holdings in iShares Gold Trust by 6.5% during the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after acquiring an additional 561,489 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in iShares Gold Trust by 2.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after acquiring an additional 148,881 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Stock Up 1.0%

NYSEARCA IAU opened at $84.59 on Friday. The firm has a 50 day moving average of $87.24 and a two-hundred day moving average of $87.33. The stock has a market capitalization 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.

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

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