Sachetta LLC Acquires 27,801 Shares of iShares Gold Trust $IAU

Sachetta LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 178.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,379 shares of the exchange traded fund’s stock after buying an additional 27,801 shares during the period. iShares Gold Trust makes up approximately 1.2% of Sachetta LLC’s portfolio, making the stock its 15th largest position. Sachetta LLC’s holdings in iShares Gold Trust were worth $3,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MTM Investment Management LLC acquired a new position in iShares Gold Trust during the second quarter worth $25,000. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $25,000. Private Wealth Management Group LLC increased its holdings in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares during the last quarter. Key Financial Inc bought a new position in shares of iShares Gold Trust in the 2nd quarter valued at approximately $28,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in iShares Gold Trust by 230.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.7%

NYSEARCA:IAU opened at $84.89 on Friday. The firm has a market capitalization of $71.29 billion, a PE ratio of 5.53 and a beta of 0.09. The firm’s fifty day simple moving average is $79.88 and its 200 day simple moving average is $72.06. iShares Gold Trust has a 1 year low of $50.14 and a 1 year high of $85.68.

Key iShares Gold Trust News

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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).

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

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