Cardinal Strategic Wealth Guidance Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Cardinal Strategic Wealth Guidance purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,216 shares of the exchange traded fund’s stock, valued at approximately $1,546,000. iShares Gold Trust accounts for approximately 0.5% of Cardinal Strategic Wealth Guidance’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also made changes to their positions in IAU. FMR LLC lifted its position in iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after acquiring an additional 142,487 shares during the last quarter. Empower Advisory Group LLC raised its holdings in shares of iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after acquiring an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. grew its stake in iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after purchasing an additional 233,999 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.7 %

Shares of IAU stock opened at $54.88 on Tuesday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.95. The stock’s 50-day moving average is $50.78 and its two-hundred day moving average is $49.52.

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.