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

Highland Financial Advisors LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 17.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 biggest position. Highland Financial Advisors LLC’s holdings in iShares Gold Trust were worth $7,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. TCP Asset Management LLC grew its stake 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 worth $332,000 after purchasing an additional 195 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of 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 valued at $386,000 after buying an additional 220 shares during the last quarter. Avaii Wealth Management LLC increased its stake in shares of iShares Gold Trust by 1.7% in the third 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 period. EP Wealth Advisors LLC raised its position in shares of iShares Gold Trust by 1.4% during the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock worth $783,000 after acquiring an additional 262 shares during the last quarter. Finally, OMNI 360 Wealth Inc. lifted its stake in shares of iShares Gold Trust by 5.0% in the third quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 270 shares during the period. 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. The company’s 50 day moving average price is $49.65 and its 200-day moving average price is $46.58. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $52.69.

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.