Charles Schwab Investment Management Inc. Has $3.92 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Charles Schwab Investment Management Inc. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 99.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,808 shares of the exchange traded fund’s stock after selling 19,947,379 shares during the period. Charles Schwab Investment Management Inc.’s holdings in iShares Gold Trust were worth $3,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Truist Financial Corp increased its position in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares during the period. Hsbc Holdings PLC increased its holdings in shares of iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares Gold Trust during the second quarter valued at about $26,134,000. Bank of New York Mellon Corp lifted its stake in shares of iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after buying an additional 581,671 shares during the period. Finally, Brave Asset Management Inc. bought a new stake in shares of iShares Gold Trust in the third quarter valued at about $26,169,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $49.98 on Friday. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69. The business has a fifty day simple moving average of $50.42 and a 200 day simple moving average of $47.70.

About iShares Gold Trust

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.