TRUE Private Wealth Advisors Decreases Position in iShares Gold Trust (NYSEARCA:IAU)

TRUE Private Wealth Advisors cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,643 shares of the exchange traded fund’s stock after selling 1,395 shares during the period. TRUE Private Wealth Advisors’ holdings in iShares Gold Trust were worth $1,821,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after acquiring an additional 1,339,100 shares during the period. Hsbc Holdings PLC boosted its stake 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 during the period. Sanctuary Advisors LLC bought a new position in shares of iShares Gold Trust in the second quarter worth approximately $26,134,000. Cetera Investment Advisers grew its holdings in shares of iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares during the last quarter. Finally, Bank of New York Mellon Corp increased 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 worth $64,164,000 after buying an additional 581,671 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $50.25 on Friday. iShares Gold Trust has a twelve month low of $37.40 and a twelve month high of $52.69. The firm has a fifty day simple moving average of $50.41 and a two-hundred day simple moving average of $47.31.

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.