iShares Gold Trust $IAU Stock: Sumitomo Mitsui Trust Group Inc. Trims Position

Sumitomo Mitsui Trust Group Inc. lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,577,457 shares of the exchange traded fund’s stock after selling 536,669 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares Gold Trust were worth $201,299,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its position in shares of iShares Gold Trust by 40.3% during the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. Retirement Planning Group LLC grew its stake in iShares Gold Trust by 0.7% in the third quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock worth $1,496,000 after purchasing an additional 130 shares during the period. Euro Pacific Asset Management LLC grew its stake in iShares Gold Trust by 3.9% in the third quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 131 shares during the period. Physician Wealth Advisors Inc. raised its holdings in iShares Gold Trust by 4.0% in the third quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 142 shares in the last quarter. Finally, Revolve Wealth Partners LLC raised its holdings in iShares Gold Trust by 3.8% in the third quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock worth $309,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $72.92 on Monday. The firm has a market capitalization of $57.50 billion, a P/E ratio of 5.53 and a beta of 0.18. The business has a fifty day simple moving average of $80.07 and a two-hundred day simple moving average of $84.62. iShares Gold Trust has a 12 month low of $72.71 and a 12 month high of $104.40.

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).