Kings Path Partners LLC Invests $355,000 in iShares Gold Trust (NYSEARCA:IAU)

Kings Path Partners LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,139 shares of the exchange traded fund’s stock, valued at approximately $355,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Gold Trust by 6.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock valued at $133,523,000 after acquiring an additional 178,898 shares during the last quarter. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. Proficio Capital Partners LLC increased its position in iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after buying an additional 44,515 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after purchasing an additional 581,671 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $50.16 on Friday. The company’s 50 day moving average price is $48.08 and its 200 day moving average price is $45.70. iShares Gold Trust has a one year low of $35.36 and a one year high of $50.57.

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.