Parkside Investments LLC Has $11.02 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Parkside Investments LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 222,537 shares of the exchange traded fund’s stock after selling 2,544 shares during the quarter. iShares Gold Trust accounts for approximately 1.7% of Parkside Investments LLC’s holdings, making the stock its 20th largest holding. Parkside Investments LLC’s holdings in iShares Gold Trust were worth $11,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp lifted its position in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 635 shares during the period. Global Trust Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of iShares Gold Trust by 15,750.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 1,260 shares during the period. Finally, McIlrath & Eck LLC grew its holdings in shares of iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 341 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $52.31 on Monday. The business’s 50 day simple moving average is $50.17 and its 200 day simple moving average is $48.98. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69.

iShares Gold Trust Company 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.