Patriot Investment Management Group Inc. Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

Patriot Investment Management Group Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,197 shares of the exchange traded fund’s stock after selling 5,532 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares Gold Trust were worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of IAU. Archer Investment Corp grew its holdings 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 worth $30,000 after acquiring an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in iShares Gold Trust by 127.0% during 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 raised its position in iShares Gold Trust by 71.4% during the 3rd 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 during the last quarter. Raleigh Capital Management Inc. lifted its holdings in iShares Gold Trust by 15,750.0% in the 4th 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 position in shares of iShares Gold Trust by 34.3% in the 3rd 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 during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $51.98 on Friday. The business has a 50 day moving average of $50.02 and a 200 day moving average of $48.88. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

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.