Pinnacle Associates Ltd. reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,998 shares of the exchange traded fund’s stock after selling 476 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Gold Trust were worth $410,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. MBA Advisors LLC boosted its holdings in shares of iShares Gold Trust by 8.5% during the third quarter. MBA Advisors LLC now owns 131,133 shares of the exchange traded fund’s stock worth $4,135,000 after purchasing an additional 10,314 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in shares of iShares Gold Trust during the third quarter worth approximately $47,000. Trust Co. of Virginia VA acquired a new stake in iShares Gold Trust in the third quarter valued at approximately $253,000. Leuthold Group LLC lifted its stake in iShares Gold Trust by 1.0% in the third quarter. Leuthold Group LLC now owns 262,719 shares of the exchange traded fund’s stock valued at $8,284,000 after acquiring an additional 2,553 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. lifted its stake in iShares Gold Trust by 28.8% in the third quarter. Pinnacle Financial Partners Inc. now owns 51,352 shares of the exchange traded fund’s stock valued at $1,619,000 after acquiring an additional 11,475 shares during the last quarter. 62.40% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Trading Up 1.2 %
NYSEARCA IAU opened at $36.45 on Tuesday. The company has a 50 day moving average price of $34.11 and a two-hundred day moving average price of $33.03. iShares Gold Trust has a 12-month low of $30.69 and a 12-month high of $39.36.
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.
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