Highland Financial Advisors LLC Has $7.34 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Highland Financial Advisors LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 147,686 shares of the exchange traded fund’s stock after selling 30,144 shares during the quarter. iShares Gold Trust comprises 2.6% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 12th largest position. Highland Financial Advisors LLC’s holdings in iShares Gold Trust were worth $7,340,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TCP Asset Management LLC raised its holdings in shares of iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares during the last quarter. Howard Financial Services LTD. grew its position in iShares Gold Trust by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 220 shares in the last quarter. Avaii Wealth Management LLC increased its stake in iShares Gold Trust by 1.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 1.4% during the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after buying an additional 262 shares in the last quarter. Finally, OMNI 360 Wealth Inc. boosted its stake in shares of iShares Gold Trust by 5.0% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 270 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $51.70 on Tuesday. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $52.69. The business has a fifty day moving average price of $49.65 and a two-hundred day moving average price of $46.58.

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.