SOA Wealth Advisors LLC. Buys 6,034 Shares of iShares Gold Trust $IAU

SOA Wealth Advisors LLC. raised its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 1,306.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,496 shares of the exchange traded fund’s stock after buying an additional 6,034 shares during the period. SOA Wealth Advisors LLC.’s holdings in iShares Gold Trust were worth $527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. Ehrlich Financial Group grew its position in iShares Gold Trust by 15.3% during the 3rd quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock worth $3,266,000 after acquiring an additional 5,943 shares during the last quarter. Bay Harbor Wealth Management LLC raised its position in iShares Gold Trust by 63.6% in the third quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock valued at $4,041,000 after purchasing an additional 21,596 shares during the last quarter. First Horizon Corp bought a new position in iShares Gold Trust in the third quarter valued at about $1,863,000. Strategic Blueprint LLC boosted its stake in shares of iShares Gold Trust by 30.2% during the third quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock valued at $9,964,000 after purchasing an additional 31,746 shares in the last quarter. Finally, MA Private Wealth boosted its stake in shares of iShares Gold Trust by 10.3% during the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after purchasing an additional 14,705 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $87.94 on Friday. The stock’s 50-day moving average is $93.06 and its 200-day moving average is $83.79. iShares Gold Trust has a 1-year low of $55.78 and a 1-year high of $104.40. The stock has a market cap of $74.87 billion, a P/E ratio of 5.53 and a beta of 0.09.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Featured Stories

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.