Private Trust Co. NA Decreases Stake in iShares Gold Trust $IAU

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of IAU. GAMMA Investing LLC increased its holdings in shares of iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in iShares Gold Trust in the first quarter valued at about $267,000. McAdam LLC lifted its position in shares of iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 341 shares during the period. Summit Financial LLC lifted its position in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares during the period. Finally, Euro Pacific Asset Management LLC boosted its stake in shares of iShares Gold Trust by 36.9% during the 2nd quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 2,441 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $79.63 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34. The company has a market capitalization of $65.86 billion, a P/E ratio of 5.53 and a beta of 0.15. The business has a 50 day moving average price of $69.25 and a 200 day moving average price of $64.70.

About iShares Gold Trust

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.