Cathy Pareto & Associates Inc. Acquires Shares of 26,125 iShares Gold Trust (NYSEARCA:IAU)

Cathy Pareto & Associates Inc. acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, HoldingsChannel reports. The firm acquired 26,125 shares of the exchange traded fund’s stock, valued at approximately $1,293,000. iShares Gold Trust accounts for about 1.2% of Cathy Pareto & Associates Inc.’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Kingswood Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $1,539,000. PFG Investments LLC grew its holdings in shares of iShares Gold Trust by 8.6% in the fourth quarter. PFG Investments LLC now owns 25,437 shares of the exchange traded fund’s stock valued at $1,259,000 after purchasing an additional 2,014 shares in the last quarter. Armbruster Capital Management Inc. acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $594,000. Legacy Financial Group LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $2,553,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of iShares Gold Trust by 3.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,800 shares of the exchange traded fund’s stock valued at $1,228,000 after purchasing an additional 802 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $52.31 on Monday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The company has a 50 day moving average price of $50.17 and a 200 day moving average price of $48.98.

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.