Eagle Strategies LLC Has $2.78 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Eagle Strategies LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 69.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,306 shares of the exchange traded fund’s stock after purchasing an additional 25,978 shares during the quarter. Eagle Strategies LLC’s holdings in iShares Gold Trust were worth $2,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Financial Sense Advisors Inc. boosted its holdings in shares of iShares Gold Trust by 0.4% during the first quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after acquiring an additional 230 shares during the period. Pettinga Financial Advisors LLC boosted its stake in shares of iShares Gold Trust by 2.5% in the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock valued at $430,000 after buying an additional 245 shares during the period. Spire Wealth Management boosted its stake in shares of iShares Gold Trust by 1.2% in the first quarter. Spire Wealth Management now owns 21,289 shares of the exchange traded fund’s stock valued at $894,000 after buying an additional 257 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 262 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of iShares Gold Trust by 2.0% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock valued at $541,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.2 %

Shares of IAU stock opened at $47.47 on Thursday. The stock has a 50 day simple moving average of $46.27 and a 200 day simple moving average of $44.28. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $47.83.

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.