CPA Asset Management LLC Buys 16,684 Shares of iShares Gold Trust (NYSEARCA:IAU)

CPA Asset Management LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 259,837 shares of the exchange traded fund’s stock after buying an additional 16,684 shares during the period. iShares Gold Trust makes up about 6.2% of CPA Asset Management LLC’s portfolio, making the stock its 6th biggest holding. CPA Asset Management LLC’s holdings in iShares Gold Trust were worth $12,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Financial Services LTD. increased its stake in iShares Gold Trust by 2.9% during the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 220 shares during the period. Financial Sense Advisors Inc. boosted its position in iShares Gold Trust by 0.4% in the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock valued at $2,756,000 after buying an additional 230 shares during the period. Pettinga Financial Advisors LLC grew its stake in shares of iShares Gold Trust by 2.5% in the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after acquiring an additional 245 shares in the last quarter. Avaii Wealth Management LLC grew its stake in shares of iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after acquiring an additional 249 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its position in shares of iShares Gold Trust by 1.4% during the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after acquiring an additional 262 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $51.92 on Wednesday. The business has a fifty day moving average price of $48.80 and a 200 day moving average price of $46.12. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $51.92.

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.