Cornerstone Wealth Management LLC Has $20.75 Million Position in iShares Gold Trust (IAU)

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Cornerstone Wealth Management LLC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 70.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,244 shares of the exchange traded fund’s stock after acquiring an additional 105,491 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in iShares Gold Trust were worth $20,748,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IAU. Fulton Bank N.A. acquired a new stake in iShares Gold Trust during the second quarter worth approximately $124,000. Winthrop Advisory Group LLC acquired a new stake in iShares Gold Trust during the second quarter worth approximately $144,000. Signaturefd LLC acquired a new stake in iShares Gold Trust during the second quarter worth approximately $167,000. First City Capital Management Inc. acquired a new stake in iShares Gold Trust during the second quarter worth approximately $168,000. Finally, FormulaFolio Investments LLC acquired a new stake in iShares Gold Trust during the second quarter worth approximately $174,000.

IAU stock opened at $11.75 on Friday. iShares Gold Trust has a twelve month low of $11.25 and a twelve month high of $13.11.

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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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