iShares Gold Trust (NYSEARCA:IAU) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,298 shares of the exchange traded fund’s stock after selling 2,724 shares during the period. King Luther Capital Management Corp’s holdings in iShares Gold Trust were worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Truist Financial Corp lifted its stake in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after buying an additional 1,339,100 shares during the last quarter. Hsbc Holdings PLC raised its position in iShares Gold Trust by 713.8% in the 2nd 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 last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust in the 2nd quarter valued at $26,134,000. Cetera Investment Advisers boosted its stake in iShares Gold Trust by 545.9% during the 1st 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 period. Finally, Bank of New York Mellon Corp grew its position in iShares Gold Trust by 66.2% during the 2nd 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 purchasing an additional 581,671 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $51.08 on Friday. The firm’s fifty day moving average is $50.30 and its two-hundred day moving average is $47.14. iShares Gold Trust has a one year low of $37.40 and a one year high of $52.69.

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.