Kings Path Partners LLC Invests $355,000 in iShares Gold Trust (NYSEARCA:IAU)

Kings Path Partners LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,139 shares of the exchange traded fund’s stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Southland Equity Partners LLC boosted its holdings in iShares Gold Trust by 21.8% in the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock valued at $373,000 after purchasing an additional 1,590 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of iShares Gold Trust by 8.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after buying an additional 1,830 shares during the period. Concurrent Investment Advisors LLC increased its stake in iShares Gold Trust by 5.9% during the first quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 436 shares during the period. Geneos Wealth Management Inc. raised its holdings in iShares Gold Trust by 13.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock valued at $145,000 after acquiring an additional 396 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after acquiring an additional 479,796 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0 %

Shares of iShares Gold Trust stock opened at $50.16 on Friday. iShares Gold Trust has a twelve month low of $35.36 and a twelve month high of $50.57. The firm’s 50-day simple moving average is $48.08 and its 200-day simple moving average is $45.70.

About iShares Gold Trust

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.