iShares Gold Trust (NYSEARCA:IAU) is CPA Asset Management LLC’s 6th Largest Position

CPA Asset Management LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 39.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,252 shares of the exchange traded fund’s stock after buying an additional 61,371 shares during the period. iShares Gold Trust comprises 5.2% of CPA Asset Management LLC’s portfolio, making the stock its 6th largest holding. CPA Asset Management LLC’s holdings in iShares Gold Trust were worth $8,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IAU. Qube Research & Technologies Ltd bought a new position in iShares Gold Trust in the 3rd quarter valued at $26,000. Financial Freedom LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $30,000. North Star Investment Management Corp. grew its holdings in shares of iShares Gold Trust by 125.7% in the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 479 shares during the period. Hibernia Wealth Partners LLC bought a new stake in iShares Gold Trust during the third quarter valued at about $36,000. Finally, Salem Investment Counselors Inc. lifted its position in shares of iShares Gold Trust by 191.8% in the second quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 725 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU traded up $0.45 during mid-day trading on Thursday, reaching $41.94. The stock had a trading volume of 5,517,824 shares, compared to its average volume of 5,384,386. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $42.09. The business’s 50 day moving average price is $39.28 and its 200 day moving average price is $38.05.

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.