Resonant Capital Advisors LLC Has $12.18 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Resonant Capital Advisors LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 245,960 shares of the exchange traded fund’s stock after acquiring an additional 704 shares during the quarter. iShares Gold Trust makes up approximately 0.9% of Resonant Capital Advisors LLC’s investment portfolio, making the stock its 27th largest position. Resonant Capital Advisors LLC’s holdings in iShares Gold Trust were worth $12,177,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Archer Investment Corp increased its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Valued Wealth Advisors LLC increased its position in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the last quarter. Independence Bank of Kentucky acquired a new position in iShares Gold Trust during the fourth quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares during the last quarter. Finally, Global Trust Asset Management LLC increased its position in iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.2 %

iShares Gold Trust stock opened at $52.87 on Monday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $53.18. The stock’s 50 day moving average is $50.39 and its 200-day moving average is $49.21.

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.