Cascade Financial Partners LLC Has $972,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Cascade Financial Partners LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,492 shares of the exchange traded fund’s stock after selling 450 shares during the period. Cascade Financial Partners LLC’s holdings in iShares Gold Trust were worth $972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alpha Cubed Investments LLC raised its holdings in iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 168 shares during the period. Mosaic Family Wealth Partners LLC raised its holdings in iShares Gold Trust by 1.5% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after buying an additional 173 shares during the period. Hoey Investments Inc. raised its holdings in iShares Gold Trust by 30.4% during the 1st quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 175 shares during the period. Trust Point Inc. raised its holdings in iShares Gold Trust by 0.5% during the 1st quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock worth $2,278,000 after buying an additional 176 shares during the period. Finally, Quattro Financial Advisors LLC raised its holdings in iShares Gold Trust by 4.7% during the 1st quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.1%

NYSEARCA IAU opened at $62.94 on Friday. The stock’s 50-day moving average price is $63.15 and its two-hundred day moving average price is $60.23. The company has a market cap of $48.22 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $46.66 and a 1 year high of $65.00.

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.