Allianz SE Invests $52.03 Million in iShares Gold Trust (NYSEARCA:IAU)

Allianz SE acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,050,835 shares of the exchange traded fund’s stock, valued at approximately $52,027,000. iShares Gold Trust comprises about 1.4% of Allianz SE’s portfolio, making the stock its 14th biggest holding. Allianz SE owned approximately 0.16% of iShares Gold Trust at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tucker Asset Management LLC grew its holdings in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the last quarter. Compass Financial Services Inc acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at $27,000. Wintrust Investments LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the 4th quarter worth approximately $40,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $58.13 on Friday. The company has a 50 day simple moving average of $54.75 and a 200-day simple moving average of $51.69. iShares Gold Trust has a 52-week low of $42.15 and a 52-week high of $58.24. The firm has a market capitalization of $41.64 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20.

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.