iShares Gold Trust $IAU Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,552,909 shares of the exchange traded fund’s stock after selling 38,073 shares during the quarter. iShares Gold Trust makes up 1.1% of Park Avenue Securities LLC’s investment portfolio, making the stock its 16th largest position. Park Avenue Securities LLC’s holdings in iShares Gold Trust were worth $126,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 47.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after buying an additional 6,623,876 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after buying an additional 4,398,605 shares in the last quarter. Prudential Financial Inc. grew its holdings in iShares Gold Trust by 2,152.7% during the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock worth $217,892,000 after acquiring an additional 3,339,000 shares during the period. CIBC Bancorp USA Inc. acquired a new position in iShares Gold Trust during the third quarter worth $193,639,000. Finally, Packer & Co Ltd purchased a new position in iShares Gold Trust in the third quarter worth $156,463,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $87.37 on Friday. iShares Gold Trust has a one year low of $55.78 and a one year high of $104.40. The business has a fifty day moving average of $93.66 and a two-hundred day moving average of $82.44. The company has a market cap of $73.77 billion, a P/E ratio of 5.53 and a beta of 0.09.

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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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