Patriot Investment Management Group Inc. Sells 5,532 Shares of iShares Gold Trust (NYSEARCA:IAU)

Patriot Investment Management Group Inc. decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 61,197 shares of the exchange traded fund’s stock after selling 5,532 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares Gold Trust were worth $3,030,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in iShares Gold Trust during the 3rd quarter valued at approximately $95,801,000. Truist Financial Corp increased its holdings in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its stake in iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in shares of iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after acquiring an additional 666,330 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.1 %

NYSEARCA IAU opened at $51.98 on Friday. The stock has a 50 day moving average price of $50.02 and a 200-day moving average price of $48.88. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69.

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.