Citizens Financial Group Inc. RI Sells 7,169 Shares of iShares Gold Trust $IAU

Citizens Financial Group Inc. RI trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,450 shares of the exchange traded fund’s stock after selling 7,169 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in iShares Gold Trust were worth $6,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after acquiring an additional 2,552,405 shares in the last quarter. WealthNavi Inc. boosted its holdings in iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after purchasing an additional 521,530 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Gold Trust by 10.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares during the period. Truist Financial Corp grew its position in shares of iShares Gold Trust by 14.4% during the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after purchasing an additional 692,844 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Gold Trust by 9.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,718,436 shares of the exchange traded fund’s stock worth $278,199,000 after purchasing an additional 414,584 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.8%

NYSEARCA IAU opened at $76.98 on Monday. The company has a market cap of $63.44 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company has a 50 day moving average of $74.20 and a 200-day moving average of $67.03. iShares Gold Trust has a 1-year low of $48.32 and a 1-year high of $82.55.

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.