Parkside Investments LLC Trims Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Parkside Investments LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 44.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,345 shares of the exchange traded fund’s stock after selling 238,072 shares during the quarter. iShares Gold Trust makes up approximately 2.0% of Parkside Investments LLC’s holdings, making the stock its 14th largest holding. Parkside Investments LLC’s holdings in iShares Gold Trust were worth $10,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Natixis Advisors L.P. lifted its stake in shares of iShares Gold Trust by 2.7% in the 1st quarter. Natixis Advisors L.P. now owns 18,628 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 486 shares in the last quarter. BlackRock Inc. lifted its position in shares of iShares Gold Trust by 17.0% during the first quarter. BlackRock Inc. now owns 3,061,470 shares of the exchange traded fund’s stock worth $112,754,000 after purchasing an additional 445,160 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of iShares Gold Trust by 43.2% in the first quarter. Cibc World Market Inc. now owns 93,543 shares of the exchange traded fund’s stock valued at $3,445,000 after purchasing an additional 28,233 shares during the period. Allianz Asset Management GmbH acquired a new stake in iShares Gold Trust during the 1st quarter valued at $3,469,000. Finally, Moors & Cabot Inc. increased its stake in iShares Gold Trust by 10.0% during the 1st quarter. Moors & Cabot Inc. now owns 15,156 shares of the exchange traded fund’s stock worth $558,000 after buying an additional 1,380 shares during the period. Institutional investors and hedge funds own 58.45% of the company’s stock.

iShares Gold Trust Trading Up 1.0 %

Shares of NYSEARCA:IAU traded up $0.36 during trading on Friday, hitting $36.53. The company’s stock had a trading volume of 1,766,806 shares, compared to its average volume of 4,820,290. iShares Gold Trust has a fifty-two week low of $30.69 and a fifty-two week high of $39.04. The stock’s 50-day moving average price is $36.60 and its two-hundred day moving average price is $36.91.

iShares Gold Trust Company 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.