Douglass Winthrop Advisors LLC Purchases New Shares in iShares Gold Trust (NYSEARCA:IAU)

Douglass Winthrop Advisors LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,680 shares of the exchange traded fund’s stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Truist Financial Corp raised its position in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares in the last quarter. Hsbc Holdings PLC lifted its stake in iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in iShares Gold Trust during the second quarter worth $26,134,000. Cetera Investment Advisers boosted its holdings in shares of iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $49.59 on Tuesday. The business has a fifty day simple moving average of $50.32 and a 200 day simple moving average of $47.20. iShares Gold Trust has a twelve month low of $37.40 and a twelve month high of $52.69.

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.