iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,600,803 shares of the exchange traded fund’s stock after selling 551,732 shares during the quarter. iShares Gold Trust accounts for approximately 0.6% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 23rd biggest position. Sumitomo Mitsui Trust Group Inc. owned approximately 2.62% of iShares Gold Trust worth $871,416,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in iShares Gold Trust in the second quarter valued at $683,000. Park Avenue Securities LLC lifted its holdings in iShares Gold Trust by 16.5% in the third quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock valued at $511,000 after acquiring an additional 1,459 shares during the period. GAMMA Investing LLC lifted its holdings in iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 887 shares during the period. Diversified Trust Co lifted its holdings in iShares Gold Trust by 17.4% in the third quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock valued at $323,000 after acquiring an additional 963 shares during the period. Finally, Cypress Wealth Services LLC acquired a new stake in iShares Gold Trust in the third quarter valued at $382,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $53.89 on Friday. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.40. The business has a fifty day moving average of $50.63 and a two-hundred day moving average of $49.38.

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.