Howard Financial Services LTD. Has $304,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Howard Financial Services LTD. increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,238 shares of the exchange traded fund’s stock after acquiring an additional 365 shares during the period. Howard Financial Services LTD.’s holdings in iShares Gold Trust were worth $304,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of iShares Gold Trust by 0.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after acquiring an additional 121,364 shares during the period. Wells Fargo & Company MN increased its stake in shares of iShares Gold Trust by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after buying an additional 463,281 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Gold Trust by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after buying an additional 3,815,686 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of iShares Gold Trust by 226.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after buying an additional 4,200,989 shares during the period. Finally, WealthNavi Inc. boosted its position in shares of iShares Gold Trust by 12.9% in the 4th quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock worth $172,304,000 after purchasing an additional 505,352 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1 %

Shares of NYSEARCA:IAU traded down $0.03 during midday trading on Friday, hitting $43.93. The company had a trading volume of 2,409,619 shares, compared to its average volume of 6,394,569. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $46.08. The firm has a fifty day simple moving average of $44.20 and a 200 day simple moving average of $41.36.

iShares Gold Trust 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.