iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,269,195 shares of the exchange traded fund’s stock after purchasing an additional 8,681 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Gold Trust were worth $187,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC raised its holdings in shares of iShares Gold Trust by 18.2% in the 4th quarter. Aveo Capital Partners LLC now owns 258,376 shares of the exchange traded fund’s stock valued at $10,084,000 after buying an additional 39,780 shares during the period. Scotia Capital Inc. increased its stake in iShares Gold Trust by 41.0% during the fourth quarter. Scotia Capital Inc. now owns 152,376 shares of the exchange traded fund’s stock worth $5,947,000 after purchasing an additional 44,305 shares during the period. Tradition Wealth Management LLC lifted its position in shares of iShares Gold Trust by 5.8% during the fourth quarter. Tradition Wealth Management LLC now owns 10,922 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 603 shares in the last quarter. Shepherd Financial Partners LLC lifted its position in shares of iShares Gold Trust by 31.5% during the fourth quarter. Shepherd Financial Partners LLC now owns 9,873 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Rathbones Group PLC grew its holdings in shares of iShares Gold Trust by 44.9% in the fourth quarter. Rathbones Group PLC now owns 72,475 shares of the exchange traded fund’s stock valued at $2,829,000 after purchasing an additional 22,445 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of IAU opened at $50.09 on Friday. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $50.57. The firm’s 50 day moving average price is $47.20 and its 200 day moving average price is $45.08.

About iShares Gold Trust

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.