Nwam LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Nwam LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,925 shares of the exchange traded fund’s stock after buying an additional 654 shares during the quarter. Nwam LLC’s holdings in iShares Gold Trust were worth $640,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sincerus Advisory LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth about $250,000. Red Crane Wealth Management LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth about $3,906,000. Impact Investors Inc acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth about $7,906,000. EQ LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth about $2,280,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth about $984,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $53.87 on Friday. The stock has a market capitalization of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1 year low of $38.65 and a 1 year high of $55.70. The company’s 50-day simple moving average is $52.27 and its 200-day simple moving average is $50.44.

iShares Gold Trust 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.