Strategic Financial Concepts LLC Purchases Shares of 8,931 iShares Gold Trust (NYSEARCA:IAU)

Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel.com reports. The firm purchased 8,931 shares of the exchange traded fund’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Archer Investment Corp raised its stake in shares of iShares Gold Trust by 813.8% in the 3rd 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 period. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $33,000. Valued Wealth Advisors LLC raised its stake in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the period. Independence Bank of Kentucky acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $54.75 on Thursday. The business’s 50-day moving average price is $50.98 and its two-hundred day moving average price is $49.66. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $54.94.

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.