Parkside Financial Bank & Trust Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Parkside Financial Bank & Trust boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 39.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,219 shares of the exchange traded fund’s stock after purchasing an additional 1,467 shares during the period. Parkside Financial Bank & Trust’s holdings in iShares Gold Trust were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quadrant Private Wealth Management LLC increased its stake in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after buying an additional 212 shares during the period. Baker Avenue Asset Management LP lifted its holdings in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares during the period. Finally, Howard Financial Services LTD. increased its stake in iShares Gold Trust by 3.2% during the fourth quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock worth $397,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.6 %

Shares of NYSEARCA IAU opened at $53.87 on Friday. The firm has a market cap of $36.56 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52-week low of $38.65 and a 52-week high of $55.70. The business’s 50 day moving average is $52.27 and its two-hundred day moving average is $50.47.

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.