CPA Asset Management LLC Has $12.84 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

CPA Asset Management LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,246 shares of the exchange traded fund’s stock after selling 591 shares during the period. iShares Gold Trust accounts for about 6.0% of CPA Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. CPA Asset Management LLC’s holdings in iShares Gold Trust were worth $12,835,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $442,000. Sanchez Wealth Management Group bought a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $228,000. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Independent Family Office LLC raised its position in shares of iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after acquiring an additional 16,827 shares in the last quarter. Finally, Silverleafe Capital Partners LLC raised its position in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after acquiring an additional 689 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.3 %

IAU stock opened at $54.97 on Wednesday. iShares Gold Trust has a twelve month low of $38.31 and a twelve month high of $55.70. The firm has a market cap of $37.31 billion, a PE ratio of -33.32 and a beta of 0.20. The business has a 50 day moving average of $51.96 and a 200 day moving average of $50.33.

iShares Gold Trust Company 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.