Wallington Asset Management LLC Has $13.30 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Wallington Asset Management LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 268,579 shares of the exchange traded fund’s stock after acquiring an additional 1,240 shares during the quarter. iShares Gold Trust makes up 1.9% of Wallington Asset Management LLC’s portfolio, making the stock its 20th biggest position. Wallington Asset Management LLC’s holdings in iShares Gold Trust were worth $13,297,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in shares of iShares Gold Trust by 4.0% during the 2nd quarter. Blair William & Co. IL now owns 321,497 shares of the exchange traded fund’s stock valued at $14,123,000 after purchasing an additional 12,455 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after buying an additional 665,653 shares during the period. Callan Capital LLC increased its position in shares of iShares Gold Trust by 127.3% during the second quarter. Callan Capital LLC now owns 27,338 shares of the exchange traded fund’s stock worth $1,201,000 after acquiring an additional 15,312 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of iShares Gold Trust by 21.4% during the second quarter. AE Wealth Management LLC now owns 182,231 shares of the exchange traded fund’s stock worth $8,005,000 after acquiring an additional 32,165 shares during the period. Finally, Kiely Wealth Advisory Group Inc. lifted its position in iShares Gold Trust by 52.2% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 7,781 shares of the exchange traded fund’s stock valued at $356,000 after acquiring an additional 2,668 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.5 %

IAU stock opened at $50.99 on Friday. The stock has a 50-day moving average price of $49.87 and a two-hundred day moving average price of $48.70. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69.

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.