Townsquare Capital LLC Sells 6,567 Shares of iShares Gold Trust $IAU

Townsquare Capital LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 32.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,461 shares of the exchange traded fund’s stock after selling 6,567 shares during the period. Townsquare Capital LLC’s holdings in iShares Gold Trust were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in shares of iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after acquiring an additional 4,398,605 shares during the period. Prudential Financial Inc. boosted its position in iShares Gold Trust by 2,152.7% in the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock worth $217,892,000 after purchasing an additional 3,339,000 shares during the last quarter. Packer & Co Ltd purchased a new position in iShares Gold Trust in the third quarter worth about $156,463,000. Finally, PFG Advisors grew its stake in shares of iShares Gold Trust by 4,797.3% during the 2nd quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock valued at $89,323,000 after purchasing an additional 1,403,121 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Stock Down 10.2%

NYSEARCA IAU opened at $91.20 on Friday. The company has a 50-day moving average price of $84.38 and a 200-day moving average price of $74.99. iShares Gold Trust has a 52 week low of $52.74 and a 52 week high of $104.40. The firm has a market capitalization of $77.00 billion, a P/E ratio of 5.53 and a beta of 0.09.

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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