Coastal Bridge Advisors LLC Sells 1,072 Shares of iShares Gold Trust (NYSEARCA:IAU)

Coastal Bridge Advisors LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,938 shares of the exchange traded fund’s stock after selling 1,072 shares during the quarter. iShares Gold Trust accounts for 1.4% of Coastal Bridge Advisors LLC’s portfolio, making the stock its 18th biggest holding. Coastal Bridge Advisors LLC’s holdings in iShares Gold Trust were worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. 1832 Asset Management L.P. purchased a new position in iShares Gold Trust in the 1st quarter worth approximately $30,021,000. Hsbc Holdings PLC lifted its holdings in shares of iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after purchasing an additional 665,653 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after buying an additional 586,652 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after buying an additional 581,671 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in iShares Gold Trust in the 1st quarter worth about $24,048,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.8 %

Shares of NYSEARCA IAU opened at $50.09 on Friday. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $50.57. The firm’s 50-day moving average price is $47.20 and its 200-day moving average price is $45.08.

iShares Gold Trust 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.