Pinnacle Bancorp Inc. Has $513,000 Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Pinnacle Bancorp Inc. reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,357 shares of the exchange traded fund’s stock after selling 1,750 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares Gold Trust were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Archer Investment Corp increased its holdings in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares during the last quarter. Global Trust Asset Management LLC grew its stake in shares of iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares during the last quarter. McIlrath & Eck LLC increased its holdings in iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 341 shares during the period. Finally, GAMMA Investing LLC raised its position in iShares Gold Trust by 158.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8 %

NYSEARCA IAU opened at $50.91 on Thursday. The business’s 50-day moving average price is $49.85 and its two-hundred day moving average price is $48.62. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69.

iShares Gold Trust Company 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.