Patriot Financial Group Insurance Agency LLC Purchases 73,831 Shares of iShares Gold Trust $IAU

Patriot Financial Group Insurance Agency LLC raised its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 91.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,264 shares of the exchange traded fund’s stock after purchasing an additional 73,831 shares during the quarter. iShares Gold Trust accounts for approximately 0.8% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 21st biggest holding. Patriot Financial Group Insurance Agency LLC’s holdings in iShares Gold Trust were worth $13,600,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of iShares Gold Trust by 1.5% during the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after buying an additional 456,140 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares during the period. Wells Fargo & Company MN boosted its holdings in iShares Gold Trust by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after acquiring an additional 260,541 shares during the period. UBS Group AG grew its position in iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after acquiring an additional 561,489 shares during the last quarter. Finally, Citigroup Inc. grew its position in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

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iShares Gold Trust Stock Up 1.1%

IAU stock opened at $76.56 on Friday. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The firm has a market cap of $65.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The business’s fifty day simple moving average is $84.23 and its two-hundred day simple moving average is $87.58.

iShares Gold Trust 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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