New Millennium Group LLC Sells 22,568 Shares of iShares Gold Trust (NYSEARCA:IAU)

New Millennium Group LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 19.3% during the third quarter, Holdings Channel reports. The institutional investor owned 94,427 shares of the exchange traded fund’s stock after selling 22,568 shares during the period. iShares Gold Trust makes up 3.0% of New Millennium Group LLC’s portfolio, making the stock its 9th biggest holding. New Millennium Group LLC’s holdings in iShares Gold Trust were worth $4,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in iShares Gold Trust by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 950,390 shares of the exchange traded fund’s stock worth $47,234,000 after buying an additional 24,557 shares during the last quarter. Vance Wealth Inc. acquired a new position in shares of iShares Gold Trust in the 3rd quarter valued at about $223,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of iShares Gold Trust by 14.7% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,746 shares of the exchange traded fund’s stock valued at $683,000 after purchasing an additional 1,759 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of iShares Gold Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock valued at $2,213,000 after purchasing an additional 7,001 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of iShares Gold Trust by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 156,746 shares of the exchange traded fund’s stock valued at $7,790,000 after purchasing an additional 1,033 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.0 %

NYSEARCA IAU opened at $49.78 on Tuesday. iShares Gold Trust has a 1-year low of $37.21 and a 1-year high of $52.69. The business’s 50-day simple moving average is $50.12 and its 200-day simple moving average is $46.98.

iShares Gold Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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