Cassaday & Co Wealth Management LLC Purchases Shares of 5,716 iShares Gold Trust (NYSEARCA:IAU)

Cassaday & Co Wealth Management LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, Holdings Channel reports. The fund purchased 5,716 shares of the exchange traded fund’s stock, valued at approximately $284,000.

Several other institutional investors have also recently made changes to their positions in IAU. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the period. Empower Advisory Group LLC boosted its position in shares of iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares during the period. WealthNavi Inc. grew its stake in shares of iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after buying an additional 233,999 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after buying an additional 479,796 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock worth $152,207,000 after acquiring an additional 23,058 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.9 %

Shares of iShares Gold Trust stock opened at $49.29 on Tuesday. The stock’s fifty day moving average is $50.08 and its two-hundred day moving average is $46.94. iShares Gold Trust has a 52 week low of $37.21 and a 52 week high of $52.69.

About iShares Gold Trust

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.