iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Parkside Investments LLC

Parkside Investments LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.6% during the first quarter, HoldingsChannel reports. The fund owned 214,566 shares of the exchange traded fund’s stock after selling 7,971 shares during the period. iShares Gold Trust comprises 1.9% of Parkside Investments LLC’s holdings, making the stock its 14th biggest position. Parkside Investments LLC’s holdings in iShares Gold Trust were worth $12,651,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in shares of iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after buying an additional 7,194,721 shares during the period. LPL Financial LLC boosted its stake in iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares during the period. Truist Financial Corp raised its stake in shares of iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after acquiring an additional 1,507,442 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of iShares Gold Trust by 10.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after acquiring an additional 1,183,962 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $63.89 on Friday. The firm’s 50-day moving average is $61.95 and its two-hundred day moving average is $56.09. iShares Gold Trust has a 1 year low of $43.35 and a 1 year high of $64.98. The firm has a market capitalization of $47.02 billion, a PE ratio of -38.57 and a beta of 0.12.

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.