Private Trust Co. NA Sells 5,189 Shares of iShares Gold Trust (NYSEARCA:IAU)

Private Trust Co. NA lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 24.3% in the third quarter, HoldingsChannel reports. The fund owned 16,201 shares of the exchange traded fund’s stock after selling 5,189 shares during the period. Private Trust Co. NA’s holdings in iShares Gold Trust were worth $805,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in shares of iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. International Assets Investment Management LLC raised its holdings in iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after acquiring an additional 229,303 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of iShares Gold Trust by 2.1% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after acquiring an additional 4,189 shares during the period. Prospera Financial Services Inc grew its holdings in shares of iShares Gold Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after purchasing an additional 7,001 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in iShares Gold Trust by 66.2% in the second 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 institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.2 %

IAU opened at $49.69 on Wednesday. iShares Gold Trust has a twelve month low of $37.40 and a twelve month high of $52.69. The company has a 50-day simple moving average of $50.34 and a 200 day simple moving average of $47.24.

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.