Patriot Financial Group Insurance Agency LLC Sells 1,456 Shares of iShares Gold Trust (NYSEARCA:IAU)

Patriot Financial Group Insurance Agency LLC decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 77,058 shares of the exchange traded fund’s stock after selling 1,456 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in iShares Gold Trust were worth $4,543,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IAU. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Brighton Jones LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth approximately $1,864,000. DAVENPORT & Co LLC increased its position in shares of iShares Gold Trust by 17.6% in the fourth quarter. DAVENPORT & Co LLC now owns 12,428 shares of the exchange traded fund’s stock worth $615,000 after purchasing an additional 1,864 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $442,000. Finally, Golden State Wealth Management LLC bought a new stake in iShares Gold Trust during the fourth quarter worth $194,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.3%

IAU stock opened at $62.47 on Friday. The firm has a 50-day moving average price of $61.52 and a 200-day moving average price of $55.77. The stock has a market capitalization of $45.98 billion, a P/E ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 12 month low of $43.35 and a 12 month high of $64.98.

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.