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

Park Avenue Securities LLC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 6,538.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 682,854 shares of the exchange traded fund’s stock after buying an additional 672,568 shares during the period. Park Avenue Securities LLC’s holdings in iShares Gold Trust were worth $33,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Archer Investment Corp raised its position in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares Gold Trust by 127.0% in 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 buying an additional 635 shares in the last quarter. Global Trust Asset Management LLC increased its stake in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 500 shares during the last quarter. McIlrath & Eck LLC lifted its stake in iShares Gold Trust by 34.3% during the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of iShares Gold Trust by 158.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 887 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6 %

IAU stock opened at $50.53 on Wednesday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The company has a 50 day simple moving average of $49.85 and a 200 day simple moving average of $48.62.

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.