iShares Gold Trust $IAU Position Lessened by Cowa LLC

Cowa LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 49,454 shares of the exchange traded fund’s stock after selling 900 shares during the quarter. iShares Gold Trust makes up approximately 1.2% of Cowa LLC’s holdings, making the stock its 26th largest holding. Cowa LLC’s holdings in iShares Gold Trust were worth $3,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at $1,864,000. Bison Wealth LLC lifted its position in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in iShares Gold Trust by 3.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 12,701 shares of the exchange traded fund’s stock valued at $749,000 after purchasing an additional 369 shares during the period. Principle Wealth Partners LLC boosted its stake in iShares Gold Trust by 4.6% during the 1st quarter. Principle Wealth Partners LLC now owns 17,209 shares of the exchange traded fund’s stock valued at $1,015,000 after purchasing an additional 750 shares during the period. Finally, Brookwood Investment Group LLC bought a new position in iShares Gold Trust in the 1st quarter worth about $948,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.2%

Shares of NYSEARCA:IAU opened at $76.61 on Friday. The firm’s 50 day moving average is $75.00 and its two-hundred day moving average is $67.48. The firm has a market capitalization of $63.13 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55.

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.