Sumitomo Mitsui Trust Group Inc. Has $655.26 Million Holdings in iShares Gold Trust $IAU

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 42.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,004,594 shares of the exchange traded fund’s stock after selling 6,757,603 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.08% of iShares Gold Trust worth $655,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $1,864,000. Bison Wealth LLC increased its position in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after acquiring an additional 8,609 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of iShares Gold Trust during the first quarter worth approximately $373,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of iShares Gold Trust by 4.6% during the second quarter. Harbor Investment Advisory LLC now owns 6,036 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $84.89 on Monday. The firm has a 50 day simple moving average of $79.88 and a 200 day simple moving average of $72.13. The firm has a market cap of $71.29 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $50.14 and a fifty-two week high of $85.68.

iShares Gold Trust News Roundup

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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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