iShares Gold Trust (NYSEARCA:IAU) is Sowa Financial Group Inc.’s 2nd Largest Position

Sowa Financial Group Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 508,591 shares of the exchange traded fund’s stock after purchasing an additional 79,616 shares during the quarter. iShares Gold Trust makes up about 15.8% of Sowa Financial Group Inc.’s holdings, making the stock its 2nd biggest position. Sowa Financial Group Inc. owned approximately 0.08% of iShares Gold Trust worth $25,180,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IAU. TCP Asset Management LLC increased its position in shares of iShares Gold Trust by 3.0% during the 3rd 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. Baker Avenue Asset Management LP grew its position in iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 215 shares during the period. SeaCrest Wealth Management LLC raised its position in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares during the period. Howard Financial Services LTD. boosted its stake in iShares Gold Trust by 2.9% in the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after acquiring an additional 220 shares during the last quarter. Finally, Avaii Wealth Management LLC grew its position in shares of iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after acquiring an additional 249 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 0.5 %

NYSEARCA:IAU opened at $50.99 on Tuesday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The firm’s 50 day moving average is $49.87 and its 200 day moving average is $48.76.

iShares Gold Trust Company 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.