Gerber Kawasaki Wealth & Investment Management Increases Holdings in iShares Gold Trust (NYSEARCA:IAU)

Gerber Kawasaki Wealth & Investment Management grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 81,044 shares of the exchange traded fund’s stock after acquiring an additional 4,413 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Gold Trust were worth $4,012,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Tucker Asset Management LLC increased its stake in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. Compass Financial Services Inc purchased a new position in iShares Gold Trust during the 4th quarter valued at about $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust during the fourth quarter worth about $29,000. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $40,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 1.1 %

Shares of NYSEARCA IAU opened at $62.34 on Friday. The firm has a market capitalization of $45.80 billion, a PE ratio of -37.96 and a beta of 0.17. The business has a 50-day moving average price of $57.77 and a two-hundred day moving average price of $53.32. iShares Gold Trust has a one year low of $43.05 and a one year high of $64.98.

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.