Palladium Partners LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 71,693 shares of the exchange traded fund’s stock after selling 1,089 shares during the quarter. Palladium Partners LLC’s holdings in iShares Gold Trust were worth $887,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Renaissance Technologies LLC grew its position in iShares Gold Trust by 24.7% in the 3rd quarter. Renaissance Technologies LLC now owns 175,400 shares of the exchange traded fund’s stock valued at $2,005,000 after acquiring an additional 34,700 shares during the last quarter. Morgan Stanley grew its position in iShares Gold Trust by 19.2% in the 3rd quarter. Morgan Stanley now owns 17,674,165 shares of the exchange traded fund’s stock valued at $202,016,000 after acquiring an additional 2,845,739 shares during the last quarter. First Hawaiian Bank bought a new position in iShares Gold Trust in the 4th quarter valued at $249,000. GenWealth Group Inc. grew its position in iShares Gold Trust by 4.4% in the 4th quarter. GenWealth Group Inc. now owns 858,622 shares of the exchange traded fund’s stock valued at $10,552,000 after acquiring an additional 36,035 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. bought a new position in iShares Gold Trust in the 4th quarter valued at $535,000.
Shares of iShares Gold Trust stock opened at $12.32 on Friday. iShares Gold Trust has a 52 week low of $11.25 and a 52 week high of $12.90.
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.
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