Sachetta LLC Purchases 1,450 Shares of iShares Gold Trust (NYSEARCA:IAU)

Sachetta LLC grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,520 shares of the exchange traded fund’s stock after buying an additional 1,450 shares during the quarter. iShares Gold Trust accounts for about 0.8% of Sachetta LLC’s investment portfolio, making the stock its 22nd biggest position. Sachetta LLC’s holdings in iShares Gold Trust were worth $2,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Archer Investment Corp grew its stake in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares Gold Trust by 127.0% in the third 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. Global Trust Asset Management LLC grew its stake in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in iShares Gold Trust by 15,750.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 1,260 shares during the period. Finally, McIlrath & Eck LLC increased its holdings in iShares Gold Trust by 34.3% during the 3rd quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.6 %

Shares of IAU stock opened at $52.31 on Friday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The stock has a fifty day simple moving average of $50.09 and a two-hundred day simple moving average of $48.90.

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.