Parkside Financial Bank & Trust Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Parkside Financial Bank & Trust boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,219 shares of the exchange traded fund’s stock after acquiring an additional 1,467 shares during the quarter. Parkside Financial Bank & Trust’s holdings in iShares Gold Trust were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. grew its holdings in iShares Gold Trust by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 11,598 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 814 shares during the period. Focus Financial Network Inc. grew its stake in shares of iShares Gold Trust by 4.8% during the 3rd quarter. Focus Financial Network Inc. now owns 50,145 shares of the exchange traded fund’s stock valued at $2,492,000 after acquiring an additional 2,274 shares during the period. Gladstone Institutional Advisory LLC grew its stake in shares of iShares Gold Trust by 6.7% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 11,572 shares of the exchange traded fund’s stock valued at $575,000 after acquiring an additional 728 shares during the period. Capital Advisors Inc. OK increased its holdings in iShares Gold Trust by 3.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 10,966 shares of the exchange traded fund’s stock worth $545,000 after acquiring an additional 320 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in iShares Gold Trust by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 26,957 shares of the exchange traded fund’s stock worth $1,340,000 after acquiring an additional 1,678 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $53.87 on Friday. The company has a 50 day simple moving average of $52.27 and a two-hundred day simple moving average of $50.47. The firm has a market cap of $36.56 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1-year low of $38.65 and a 1-year high of $55.70.

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.