Parkside Financial Bank & Trust Has $1.82 Million Stock Position in iShares Gold Trust $IAU

Parkside Financial Bank & Trust grew its position in iShares Gold Trust (NYSEARCA:IAU) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,222 shares of the exchange traded fund’s stock after purchasing an additional 1,161 shares during the period. Parkside Financial Bank & Trust’s holdings in iShares Gold Trust were worth $1,822,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at $25,000. BankPlus Trust Department acquired a new stake in iShares Gold Trust in the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC boosted 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 worth $27,000 after buying an additional 320 shares during the period. Key Financial Inc acquired a new position in iShares Gold Trust during the 2nd quarter worth $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust during the first quarter valued at about $29,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $75.43 on Friday. The company has a market cap of $62.16 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock’s 50-day moving average is $73.08 and its 200-day moving average is $66.44. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55.

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.