Nomura Asset Management Co. Ltd. Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,400 shares of the exchange traded fund’s stock after buying an additional 1,700 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in iShares Gold Trust were worth $2,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Archer Investment Corp lifted its position in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust in the 2nd quarter valued at $31,000. Chris Bulman Inc purchased a new position in iShares Gold Trust in the 2nd quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Gold Trust by 127.0% during 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 purchasing an additional 635 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its holdings in shares of iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $49.98 on Friday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The firm’s 50-day moving average price is $50.42 and its 200 day moving average price is $47.70.

About iShares Gold Trust

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.