Cassaday & Co Wealth Management LLC Purchases Shares of 5,716 iShares Gold Trust (NYSEARCA:IAU)

Cassaday & Co Wealth Management LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,716 shares of the exchange traded fund’s stock, valued at approximately $284,000.

Several other hedge funds have also added to or reduced their stakes in IAU. TCP Asset Management LLC increased its holdings in iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares during the period. Baker Avenue Asset Management LP lifted its stake in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 215 shares during the period. Howard Financial Services LTD. lifted its stake in iShares Gold Trust by 2.9% in the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after acquiring an additional 220 shares during the period. Avaii Wealth Management LLC boosted its holdings in 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 valued at $736,000 after acquiring an additional 249 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its position in iShares Gold Trust by 1.4% during the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 262 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 1.9 %

Shares of NYSEARCA IAU opened at $49.29 on Tuesday. iShares Gold Trust has a 1 year low of $37.21 and a 1 year high of $52.69. The company’s 50-day moving average is $50.08 and its 200 day moving average is $46.94.

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.