Prospera Financial Services Inc Purchases 52,918 Shares of iShares Gold Trust (NYSEARCA:IAU)

Prospera Financial Services Inc raised its stake in shares of iShares Gold Trust (NYSEARCA:IAUGet Rating) by 214.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,582 shares of the exchange traded fund’s stock after buying an additional 52,918 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares Gold Trust were worth $2,857,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in iShares Gold Trust by 4.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 39,599,081 shares of the exchange traded fund’s stock valued at $1,378,444,000 after buying an additional 1,715,769 shares during the last quarter. Charles Schwab Investment Advisory Inc. raised its stake in iShares Gold Trust by 4.2% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 20,873,261 shares of the exchange traded fund’s stock valued at $726,598,000 after buying an additional 831,987 shares during the last quarter. Alliancebernstein L.P. raised its stake in iShares Gold Trust by 231.5% during the fourth quarter. Alliancebernstein L.P. now owns 8,629,238 shares of the exchange traded fund’s stock valued at $300,384,000 after buying an additional 6,025,918 shares during the last quarter. LPL Financial LLC raised its stake in iShares Gold Trust by 2.5% during the fourth quarter. LPL Financial LLC now owns 5,985,268 shares of the exchange traded fund’s stock valued at $208,347,000 after buying an additional 147,279 shares during the last quarter. Finally, Packer & Co Ltd purchased a new position in iShares Gold Trust during the first quarter valued at $172,552,000. Hedge funds and other institutional investors own 53.09% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $32.95 on Thursday. iShares Gold Trust has a 1-year low of $32.20 and a 1-year high of $39.36. The business has a fifty day moving average price of $34.20 and a 200-day moving average price of $35.34.

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.

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

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