Allstate Corp Has $2.17 Million Holdings in iShares Gold Trust $IAU

Allstate Corp lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 81.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,752 shares of the exchange traded fund’s stock after acquiring an additional 16,550 shares during the period. Allstate Corp’s holdings in iShares Gold Trust were worth $2,167,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Alpha Cubed Investments LLC boosted its position in shares of iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 168 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its position in iShares Gold Trust by 1.5% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after buying an additional 173 shares in the last quarter. Hoey Investments Inc. raised its stake in iShares Gold Trust by 30.4% during the 1st quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 175 shares during the period. Trust Point Inc. raised its stake in iShares Gold Trust by 0.5% during the 1st quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock worth $2,278,000 after buying an additional 176 shares during the period. Finally, Quattro Financial Advisors LLC boosted its holdings in iShares Gold Trust by 4.7% in the first quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after acquiring an additional 183 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.1%

Shares of IAU opened at $63.58 on Friday. iShares Gold Trust has a 12-month low of $46.72 and a 12-month high of $65.00. The business’s fifty day moving average is $63.11 and its 200 day moving average is $60.53. The stock has a market cap of $48.71 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.