TIAA Trust National Association Grows Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

TIAA Trust National Association increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 25.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 536,225 shares of the exchange traded fund’s stock after buying an additional 108,561 shares during the period. TIAA Trust National Association owned 0.08% of iShares Gold Trust worth $22,527,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. purchased a new stake in iShares Gold Trust during the first quarter worth $210,000. Bright Financial Advisors Inc. purchased a new stake in iShares Gold Trust during the first quarter worth $833,000. Motco boosted its holdings in iShares Gold Trust by 0.5% during the first quarter. Motco now owns 72,457 shares of the exchange traded fund’s stock worth $3,044,000 after buying an additional 356 shares in the last quarter. Kure Advisory LLC boosted its holdings in iShares Gold Trust by 3.8% during the first quarter. Kure Advisory LLC now owns 107,761 shares of the exchange traded fund’s stock worth $4,527,000 after buying an additional 3,916 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in iShares Gold Trust by 12.8% during the first quarter. Blair William & Co. IL now owns 309,042 shares of the exchange traded fund’s stock worth $12,983,000 after buying an additional 35,164 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU traded down $0.83 during midday trading on Friday, hitting $45.32. 4,611,044 shares of the company traded hands, compared to its average volume of 3,907,545. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $46.93. The business has a 50 day simple moving average of $44.56 and a two-hundred day simple moving average of $42.11.

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.