iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Cowa LLC

Cowa LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 58,357 shares of the exchange traded fund’s stock after selling 4,225 shares during the quarter. iShares Gold Trust accounts for 1.4% of Cowa LLC’s investment portfolio, making the stock its 20th biggest holding. Cowa LLC’s holdings in iShares Gold Trust were worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. 5th Street Advisors LLC bought a new stake in iShares Gold Trust in the third quarter worth about $370,000. Klingman & Associates LLC grew its stake in shares of iShares Gold Trust by 71.7% in the 3rd quarter. Klingman & Associates LLC now owns 7,983 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 3,333 shares during the last quarter. Assetmark Inc. raised its holdings in shares of iShares Gold Trust by 10.8% in the 3rd quarter. Assetmark Inc. now owns 483,483 shares of the exchange traded fund’s stock worth $24,029,000 after purchasing an additional 46,982 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in iShares Gold Trust during the third quarter valued at approximately $857,000. Finally, Beckerman Institutional LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $348,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $50.70 on Friday. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $52.69. The firm’s 50 day moving average price is $49.92 and its two-hundred day moving average price is $46.73.

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.