Patten Group Inc. Buys Shares of 8,589 iShares Gold Trust (NYSEARCA:IAU)

Patten Group Inc. bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,589 shares of the exchange traded fund’s stock, valued at approximately $425,000.

A number of other institutional investors also recently modified their holdings of the stock. 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. Quadrature Capital Ltd acquired a new stake in shares of iShares Gold Trust in the 3rd quarter valued at $95,801,000. Truist Financial Corp lifted 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 purchasing an additional 1,507,442 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 9.6% in the 3rd 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. Finally, Park Avenue Securities LLC lifted its stake in shares of iShares Gold Trust by 6,538.7% in the 4th 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. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.9 %

IAU stock opened at $55.04 on Wednesday. iShares Gold Trust has a 1 year low of $40.17 and a 1 year high of $55.70. The company has a fifty day simple moving average of $52.49 and a 200 day simple moving average of $50.61. The firm has a market cap of $37.35 billion, a PE ratio of -33.32 and a beta of 0.20.

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.