Cetera Investment Advisers Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Cetera Investment Advisers boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 545.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,118 shares of the exchange traded fund’s stock after buying an additional 586,652 shares during the quarter. Cetera Investment Advisers owned approximately 0.11% of iShares Gold Trust worth $29,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Financial Sense Advisors Inc. raised its holdings 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 acquiring an additional 230 shares during the last quarter. Pettinga Financial Advisors LLC raised 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 acquiring an additional 245 shares during the last quarter. Spire Wealth Management raised its holdings in iShares Gold Trust by 1.2% in the 1st quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock valued at $894,000 after acquiring an additional 257 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in iShares Gold Trust by 1.4% in the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after acquiring an additional 262 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in iShares Gold Trust by 2.0% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock valued at $541,000 after acquiring an additional 277 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $46.05 on Friday. The company has a 50 day simple moving average of $44.67 and a 200-day simple moving average of $42.59. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.93.

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.