Spectrum Asset Management Inc. NB CA Has $7.50 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Spectrum Asset Management Inc. NB CA lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 39.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,377 shares of the exchange traded fund’s stock after selling 98,320 shares during the quarter. iShares Gold Trust makes up approximately 3.4% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 5th largest holding. Spectrum Asset Management Inc. NB CA’s holdings in iShares Gold Trust were worth $7,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $33,000. Valued Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the period. Independence Bank of Kentucky acquired a new position in iShares Gold Trust in the 4th quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $53.89 on Friday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.40. The firm has a fifty day moving average price of $50.63 and a two-hundred day moving average price of $49.38.

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.