iShares Gold Trust $IAU Shares Bought by Sofi Wealth LLC

Sofi Wealth LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 140.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 265,106 shares of the exchange traded fund’s stock after buying an additional 154,755 shares during the period. iShares Gold Trust comprises 1.0% of Sofi Wealth LLC’s investment portfolio, making the stock its 18th biggest position. Sofi Wealth LLC’s holdings in iShares Gold Trust were worth $19,292,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IAU. CWA Asset Management Group LLC raised its holdings in iShares Gold Trust by 28.5% in the 3rd quarter. CWA Asset Management Group LLC now owns 8,106 shares of the exchange traded fund’s stock worth $590,000 after purchasing an additional 1,800 shares during the period. Prospera Capital Management LLC purchased a new stake in shares of iShares Gold Trust in the third quarter valued at approximately $217,000. TriaGen Wealth Management LLC raised its stake in shares of iShares Gold Trust by 6.8% during the 3rd quarter. TriaGen Wealth Management LLC now owns 88,179 shares of the exchange traded fund’s stock worth $6,417,000 after buying an additional 5,621 shares during the period. DBK Financial Counsel LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $443,000. Finally, Daymark Wealth Partners LLC purchased a new position in shares of iShares Gold Trust during the 3rd quarter valued at approximately $385,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $81.56 on Monday. The firm has a fifty day moving average of $78.96 and a 200 day moving average of $71.39. The firm has a market cap of $68.71 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $49.51 and a one year high of $85.68.

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. 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).