Cadent Capital Advisors LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Cadent Capital Advisors LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 95.0% in the third quarter, HoldingsChannel reports. The firm owned 41,808 shares of the exchange traded fund’s stock after acquiring an additional 20,369 shares during the period. Cadent Capital Advisors LLC’s holdings in iShares Gold Trust were worth $2,078,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of IAU. Howard Financial Services LTD. raised its holdings in shares of 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 last quarter. Financial Sense Advisors Inc. raised its stake 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 purchasing an additional 230 shares during the last quarter. Pettinga Financial Advisors LLC lifted its holdings in iShares Gold Trust by 2.5% in the 1st quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock valued at $430,000 after purchasing an additional 245 shares in the last quarter. Avaii Wealth Management LLC boosted its stake in shares of iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings 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 buying an additional 262 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $51.37 on Friday. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $51.41. The company’s 50 day simple moving average is $48.59 and its 200 day simple moving average is $45.99.

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.