Allstate Corp Has $1 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Allstate Corp decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 49.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,202 shares of the exchange traded fund’s stock after selling 19,798 shares during the period. Allstate Corp’s holdings in iShares Gold Trust were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Quadrant Private Wealth Management LLC lifted its holdings in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares during the period. TPG Advisors LLC lifted its stake in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of iShares Gold Trust by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after purchasing an additional 200 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $58.13 on Monday. The firm has a market cap of $41.64 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52-week low of $42.15 and a 52-week high of $58.98. The business’s 50 day moving average price is $54.75 and its two-hundred day moving average price is $51.75.

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.