iShares Gold Trust $IAU Stock Position Boosted by CPA Asset Management LLC

CPA Asset Management LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 264,063 shares of the exchange traded fund’s stock after acquiring an additional 467 shares during the period. iShares Gold Trust comprises approximately 6.9% of CPA Asset Management LLC’s holdings, making the stock its 4th biggest holding. CPA Asset Management LLC’s holdings in iShares Gold Trust were worth $16,467,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 245 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in iShares Gold Trust during the 1st quarter worth $267,000. Kingswood Wealth Advisors LLC increased its stake in iShares Gold Trust by 192.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after buying an additional 59,706 shares during the period. Summit Financial LLC increased its stake in iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after buying an additional 195,640 shares during the period. Finally, TBH Global Asset Management LLC purchased a new stake in iShares Gold Trust during the 1st quarter worth $5,713,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $68.68 on Friday. iShares Gold Trust has a 12-month low of $48.11 and a 12-month high of $69.26. The company has a market capitalization of $52.62 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm’s fifty day moving average price is $64.13 and its 200 day moving average price is $61.78.

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.