Patton Fund Management Inc. Sells 4,916 Shares of iShares Gold Trust (NYSEARCA:IAU)

Patton Fund Management Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,148 shares of the exchange traded fund’s stock after selling 4,916 shares during the period. iShares Gold Trust makes up 1.3% of Patton Fund Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Patton Fund Management Inc.’s holdings in iShares Gold Trust were worth $6,840,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $95,801,000. Truist Financial Corp boosted its position in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 9.6% during 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 purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC grew its holdings in iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after purchasing an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after purchasing an additional 666,330 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.8 %

NYSEARCA IAU opened at $52.18 on Wednesday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The company has a fifty day simple moving average of $50.27 and a 200 day simple moving average of $49.10.

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.