Strategic Financial Concepts LLC Takes Position in iShares Gold Trust (NYSEARCA:IAU)

Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,931 shares of the exchange traded fund’s stock, valued at approximately $442,000.

A number of other large investors also recently made changes to their positions in IAU. Archer Investment Corp raised its stake in 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 period. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter worth $33,000. Valued Wealth Advisors LLC raised its stake in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the period. Independence Bank of Kentucky acquired a new stake in iShares Gold Trust during the 4th quarter worth $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

Shares of iShares Gold Trust stock opened at $54.75 on Thursday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $54.94. The stock’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $49.66.

About iShares Gold Trust

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.