Park Avenue Securities LLC Has $33.81 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Park Avenue Securities LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 6,538.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 682,854 shares of the exchange traded fund’s stock after buying an additional 672,568 shares during the quarter. Park Avenue Securities LLC owned 0.10% of iShares Gold Trust worth $33,808,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC boosted its stake in iShares Gold Trust by 58.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 59,291 shares of the exchange traded fund’s stock worth $2,935,000 after purchasing an additional 21,887 shares during the period. SeaCrest Wealth Management LLC lifted its stake in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares in the last quarter. Sovereign Financial Group Inc. raised its holdings in shares of iShares Gold Trust by 70.7% in the fourth quarter. Sovereign Financial Group Inc. now owns 10,386 shares of the exchange traded fund’s stock valued at $514,000 after purchasing an additional 4,303 shares during the last quarter. Sharper & Granite LLC lifted its position in iShares Gold Trust by 139.4% during the 4th quarter. Sharper & Granite LLC now owns 23,715 shares of the exchange traded fund’s stock worth $1,174,000 after buying an additional 13,810 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. increased its position in shares of iShares Gold Trust by 6.7% in the fourth quarter. PCA Investment Advisory Services Inc. now owns 4,867 shares of the exchange traded fund’s stock valued at $241,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $50.53 on Wednesday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The stock has a 50 day moving average of $49.85 and a 200-day moving average of $48.62.

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.