Sound Income Strategies LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Sound Income Strategies LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 30.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,837 shares of the exchange traded fund’s stock after buying an additional 658 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares Gold Trust were worth $140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IAU. Archer Investment Corp increased its holdings in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares during the last quarter. Global Trust Asset Management LLC raised its position in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares during the period. Raleigh Capital Management Inc. lifted its stake in shares of iShares Gold Trust by 15,750.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 1,260 shares during the last quarter. Finally, McIlrath & Eck LLC grew its holdings in shares of iShares Gold Trust by 34.3% during the 3rd quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU opened at $52.31 on Friday. The company’s 50-day moving average price is $50.09 and its 200 day moving average price is $48.90. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.