iShares Gold Trust $IAU Shares Sold by Private Trust Co. NA

Private Trust Co. NA decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,999 shares of the exchange traded fund’s stock after selling 753 shares during the period. Private Trust Co. NA’s holdings in iShares Gold Trust were worth $1,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Keener Financial Planning LLC acquired a new stake in iShares Gold Trust during the 2nd quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Gold Trust during the first quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust during the first quarter worth $27,000. Garrison Bradford & Associates Inc. purchased a new position in iShares Gold Trust in the 1st quarter valued at $29,000. Finally, North Capital Inc. acquired a new position in iShares Gold Trust in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $79.63 on Friday. iShares Gold Trust has a one year low of $48.29 and a one year high of $81.34. The company has a market cap of $65.86 billion, a P/E ratio of 5.53 and a beta of 0.15. The firm has a fifty day moving average of $69.25 and a two-hundred day moving average of $64.70.

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.