iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 49,169 shares of the exchange traded fund’s stock after selling 323 shares during the period. iShares Gold Trust comprises about 1.5% of Smith Thornton Advisors LLC’s holdings, making the stock its 22nd largest position. Smith Thornton Advisors LLC’s holdings in iShares Gold Trust were worth $2,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in iShares Gold Trust in the 3rd quarter valued at approximately $95,801,000. Truist Financial Corp increased its position in 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 acquiring an additional 1,339,100 shares during the period. JPMorgan Chase & Co. increased its position in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the period. Park Avenue Securities LLC increased its position in iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.8 %

Shares of IAU stock opened at $50.91 on Thursday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The business’s fifty day moving average is $49.85 and its 200-day moving average is $48.62.

iShares Gold Trust Company Profile

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.