Patriot Financial Group Insurance Agency LLC Grows Position in iShares Gold Trust (NYSEARCA:IAU)

Patriot Financial Group Insurance Agency LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 20.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,250 shares of the exchange traded fund’s stock after acquiring an additional 8,895 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in iShares Gold Trust were worth $2,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Atomi Financial Group Inc. grew its holdings in shares of iShares Gold Trust by 32.9% during the second quarter. Atomi Financial Group Inc. now owns 102,409 shares of the exchange traded fund’s stock worth $4,499,000 after buying an additional 25,345 shares during the last quarter. AlphaStar Capital Management LLC grew its stake in shares of iShares Gold Trust by 4.2% in the 2nd quarter. AlphaStar Capital Management LLC now owns 30,048 shares of the exchange traded fund’s stock valued at $1,320,000 after purchasing an additional 1,216 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of iShares Gold Trust by 169.9% in the second quarter. Callan Family Office LLC now owns 93,710 shares of the exchange traded fund’s stock valued at $4,117,000 after purchasing an additional 58,994 shares during the period. Tanglewood Wealth Management Inc. raised its stake in shares of iShares Gold Trust by 0.3% during the second quarter. Tanglewood Wealth Management Inc. now owns 1,208,420 shares of the exchange traded fund’s stock worth $53,086,000 after purchasing an additional 3,407 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of iShares Gold Trust by 66.2% during the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU traded up $0.13 during trading on Tuesday, hitting $47.71. The stock had a trading volume of 3,171,682 shares, compared to its average volume of 6,244,695. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $47.83. The company’s 50-day moving average price is $45.54 and its 200 day moving average price is $43.61.

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.