Swmg LLC Buys 23,660 Shares of iShares Gold Trust (NYSEARCA:IAU)

Swmg LLC raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 244.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,328 shares of the exchange traded fund’s stock after buying an additional 23,660 shares during the quarter. iShares Gold Trust comprises 0.8% of Swmg LLC’s portfolio, making the stock its 26th largest holding. Swmg LLC’s holdings in iShares Gold Trust were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Sumitomo Mitsui Trust Group Inc. lifted its stake in iShares Gold Trust by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after purchasing an additional 339,286 shares in the last quarter. Wells Fargo & Company MN grew its position in iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after acquiring an additional 1,183,962 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after acquiring an additional 7,194,721 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. boosted its stake in shares of iShares Gold Trust by 2.1% in the 1st quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock valued at $356,684,000 after purchasing an additional 125,599 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.1%

iShares Gold Trust stock opened at $62.88 on Wednesday. The firm has a fifty day simple moving average of $62.62 and a two-hundred day simple moving average of $57.31. iShares Gold Trust has a twelve month low of $43.87 and a twelve month high of $65.00. The company has a market capitalization of $47.20 billion, a PE ratio of 5.53 and a beta of 0.15.

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.