CFS Investment Advisory Services LLC Takes $202,000 Position in iShares Gold Trust (NYSEARCA:IAU)

CFS Investment Advisory Services LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,070 shares of the exchange traded fund’s stock, valued at approximately $202,000.

A number of other institutional investors have also bought and sold shares of the business. Lantz Financial LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at about $540,000. Dynamic Advisor Solutions LLC raised its stake in iShares Gold Trust by 3.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 18,108 shares of the exchange traded fund’s stock valued at $897,000 after purchasing an additional 631 shares during the period. Fifth Third Bancorp lifted its holdings in iShares Gold Trust by 24.4% in the 4th quarter. Fifth Third Bancorp now owns 4,528 shares of the exchange traded fund’s stock worth $224,000 after purchasing an additional 887 shares in the last quarter. Firethorn Wealth Partners LLC boosted its stake in iShares Gold Trust by 61.5% in the 4th quarter. Firethorn Wealth Partners LLC now owns 7,086 shares of the exchange traded fund’s stock worth $351,000 after purchasing an additional 2,698 shares during the period. Finally, Gradient Investments LLC raised its position in shares of iShares Gold Trust by 1.4% during the fourth quarter. Gradient Investments LLC now owns 91,474 shares of the exchange traded fund’s stock valued at $4,529,000 after buying an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $52.31 on Friday. The firm has a fifty day moving average price of $50.17 and a 200 day moving average price of $48.95. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two 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.