Patten Group Inc. Has $484,000 Position in iShares Gold Trust $IAU

Patten Group Inc. lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,769 shares of the exchange traded fund’s stock after selling 360 shares during the quarter. Patten Group Inc.’s holdings in iShares Gold Trust were worth $484,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Diversified Enterprises LLC raised its position in shares of iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after purchasing an additional 163 shares during the period. Red Mountain Financial LLC raised its position in iShares Gold Trust by 0.4% in the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after buying an additional 165 shares during the last quarter. Alpha Cubed Investments LLC lifted its stake in iShares Gold Trust by 4.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 168 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its stake in iShares Gold Trust by 1.5% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after acquiring an additional 173 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in iShares Gold Trust by 0.3% in the 2nd quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock valued at $3,803,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1%

NYSEARCA:IAU opened at $77.28 on Thursday. The firm has a market capitalization of $64.34 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The stock’s 50 day moving average price is $70.21 and its two-hundred day moving average price is $65.13.

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.