iShares Gold Trust $IAU Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.9% in the second quarter, Holdings Channel reports. The firm owned 78,528 shares of the exchange traded fund’s stock after purchasing an additional 1,470 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in iShares Gold Trust were worth $4,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in iShares Gold Trust during the 1st quarter valued at approximately $267,000. Kingswood Wealth Advisors LLC lifted its stake in iShares Gold Trust by 192.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock valued at $5,344,000 after acquiring an additional 59,706 shares during the period. McAdam LLC lifted its stake in iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 341 shares during the period. Finally, Summit Financial LLC lifted its stake in iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.3%

Shares of NYSEARCA IAU opened at $72.65 on Friday. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $73.43. The company has a 50 day simple moving average of $66.23 and a two-hundred day simple moving average of $63.24. The stock has a market cap of $55.66 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.