Sound Income Strategies LLC Grows Stake in iShares Gold Trust (NYSEARCA:IAU)

Sound Income Strategies LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 30.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

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

iShares Gold Trust Stock Performance

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

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.