Wallington Asset Management LLC Acquires 8,635 Shares of iShares Gold Trust $IAU

Wallington Asset Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 285,114 shares of the exchange traded fund’s stock after acquiring an additional 8,635 shares during the period. iShares Gold Trust comprises 2.7% of Wallington Asset Management LLC’s holdings, making the stock its 13th biggest position. Wallington Asset Management LLC’s holdings in iShares Gold Trust were worth $20,748,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in iShares Gold Trust during the 2nd quarter valued at $25,000. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at about $25,000. Private Wealth Management Group LLC lifted its stake in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares during the last quarter. Key Financial Inc bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $28,000. Finally, Traub Capital Management LLC acquired a new position in iShares Gold Trust in the 2nd quarter valued at about $31,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 4.4%

Shares of IAU stock opened at $81.61 on Tuesday. iShares Gold Trust has a 12-month low of $49.00 and a 12-month high of $85.68. The company has a market capitalization of $67.25 billion, a PE ratio of 5.53 and a beta of 0.09. The firm has a 50 day moving average price of $78.64 and a two-hundred day moving average price of $70.89.

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iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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