Southern Style Financial Inc. Acquires New Position in iShares Gold Trust (NYSEARCA:IAU)

Southern Style Financial Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 88,145 shares of the exchange traded fund’s stock, valued at approximately $4,364,000. iShares Gold Trust comprises 3.5% of Southern Style Financial Inc.’s portfolio, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. TCP Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares during the period. Baker Avenue Asset Management LP increased its position in iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares during the period. Howard Financial Services LTD. boosted its holdings in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 220 shares during the last quarter. Finally, Avaii Wealth Management LLC grew its stake in shares of iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $52.18 on Wednesday. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69. The business has a fifty day simple moving average of $50.22 and a 200-day simple moving average of $49.06.

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.