56,653 Shares in iShares Gold Trust (NYSEARCA:IAU) Bought by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAUGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 56,653 shares of the exchange traded fund’s stock, valued at approximately $1,972,000. iShares Gold Trust comprises about 0.9% of Bigelow Investment Advisors LLC’s holdings, making the stock its 28th largest holding.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Gold Trust by 4.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 39,599,081 shares of the exchange traded fund’s stock worth $1,378,444,000 after buying an additional 1,715,769 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in shares of iShares Gold Trust by 56.3% in the third quarter. Temasek Holdings Private Ltd now owns 7,087,182 shares of the exchange traded fund’s stock worth $236,783,000 after buying an additional 2,552,222 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares Gold Trust by 7.0% in the third quarter. LPL Financial LLC now owns 5,837,989 shares of the exchange traded fund’s stock worth $195,047,000 after buying an additional 382,328 shares during the last quarter. Raymond James & Associates boosted its holdings in iShares Gold Trust by 3.8% in the fourth quarter. Raymond James & Associates now owns 3,937,320 shares of the exchange traded fund’s stock worth $137,058,000 after purchasing an additional 143,893 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in iShares Gold Trust by 10.6% in the fourth quarter. HighTower Advisors LLC now owns 3,608,445 shares of the exchange traded fund’s stock worth $125,546,000 after purchasing an additional 346,712 shares during the period. Institutional investors and hedge funds own 53.09% of the company’s stock.

iShares Gold Trust stock traded down $0.12 during mid-day trading on Tuesday, reaching $34.59. The company’s stock had a trading volume of 328,120 shares, compared to its average volume of 12,697,435. The business has a 50 day moving average price of $36.50 and a 200-day moving average price of $35.41. iShares Gold Trust has a twelve month low of $32.70 and a twelve month high of $39.36.

iShares Gold Trust Company Profile (Get Rating)

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.

Further Reading

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

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