Westwood Holdings Group Inc. Buys Shares of 4,792 iShares Gold Trust (NYSEARCA:IAU)

Westwood Holdings Group Inc. acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,792 shares of the exchange traded fund’s stock, valued at approximately $201,000.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in iShares Gold Trust by 226.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after purchasing an additional 4,200,989 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $30,021,000. Cetera Investment Advisers grew its position in shares of iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after acquiring an additional 586,652 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in iShares Gold Trust during the 1st quarter valued at approximately $24,048,000. Finally, WealthNavi Inc. boosted its position in iShares Gold Trust by 12.9% during the 4th quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock valued at $172,304,000 after purchasing an additional 505,352 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.2 %

Shares of iShares Gold Trust stock traded down $0.09 during trading on Friday, hitting $46.05. The stock had a trading volume of 12,300,132 shares, compared to its average volume of 4,303,228. The business has a fifty day moving average of $44.67 and a two-hundred day moving average of $42.56. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.93.

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.