Citizens National Bank Trust Department Boosts Stock Position in iShares Gold Trust $IAU

Citizens National Bank Trust Department boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 12.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,275 shares of the exchange traded fund’s stock after purchasing an additional 3,071 shares during the quarter. Citizens National Bank Trust Department’s holdings in iShares Gold Trust were worth $1,763,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in iShares Gold Trust by 1.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after acquiring an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares during the last quarter. WealthNavi Inc. lifted its holdings in shares of iShares Gold Trust by 8.6% during 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 last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of 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 worth $381,929,000 after purchasing an additional 616,559 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $75.01 on Wednesday. The stock’s fifty day moving average price is $66.93 and its 200 day moving average price is $63.63. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $75.20. The company has a market cap of $61.56 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.