Commerce Bank Raises Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Commerce Bank raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 163,743 shares of the exchange traded fund’s stock after purchasing an additional 841 shares during the quarter. Commerce Bank’s holdings in iShares Gold Trust were worth $8,107,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC grew its stake in shares of iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 195 shares during the last quarter. TPG Advisors LLC grew its position in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after buying an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of iShares Gold Trust by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after buying an additional 200 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in shares of iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.5 %

NYSEARCA:IAU opened at $62.63 on Friday. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $63.03. The stock has a market cap of $45.25 billion, a P/E ratio of -35.73 and a beta of 0.17. The firm’s fifty day simple moving average is $56.94 and its 200 day simple moving average is $52.88.

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.