iShares Gold Trust (NYSEARCA:IAU) Shares Acquired by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 279.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,892 shares of the exchange traded fund’s stock after purchasing an additional 37,476 shares during the quarter. Strengthening Families & Communities LLC’s holdings in iShares Gold Trust were worth $2,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Archer Investment Corp grew 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 purchasing an additional 529 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in shares of iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the second quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. purchased a new position in shares of iShares Gold Trust during the second quarter valued at approximately $35,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $48.37 on Monday. The company’s 50 day simple moving average is $50.08 and its 200 day simple moving average is $46.94. iShares Gold Trust has a 1 year low of $37.21 and a 1 year high of $52.69.

iShares Gold Trust Company 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.