Northwest Capital Management Inc Takes $656,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Northwest Capital Management Inc acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 13,252 shares of the exchange traded fund’s stock, valued at approximately $656,000.

Several other large investors have also bought and sold shares of IAU. TCP Asset Management LLC raised its stake in iShares Gold Trust by 3.0% during the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its stake 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 valued at $426,000 after purchasing an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the last quarter. Baker Avenue Asset Management LP increased its position in iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.1 %

Shares of NYSEARCA:IAU opened at $55.39 on Monday. The company has a fifty day moving average of $51.75 and a 200-day moving average of $50.20. iShares Gold Trust has a 52-week low of $38.21 and a 52-week high of $55.60.

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.