iShares Gold Trust (NYSEARCA:IAU) Shares Sold by DMC Group LLC

DMC Group LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 24.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,787 shares of the exchange traded fund’s stock after selling 3,143 shares during the period. DMC Group LLC’s holdings in iShares Gold Trust were worth $485,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC purchased a new stake in iShares Gold Trust during the second quarter worth $683,000. Truist Financial Corp raised its position in shares of 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 worth $108,303,000 after acquiring an additional 1,339,100 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of iShares Gold Trust by 16.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 5,986 shares of the exchange traded fund’s stock worth $263,000 after acquiring an additional 850 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $26,134,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of iShares Gold Trust by 1.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 28,613 shares of the exchange traded fund’s stock valued at $1,422,000 after acquiring an additional 338 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.3 %

NYSEARCA IAU opened at $52.00 on Thursday. The stock has a 50-day moving average of $50.27 and a 200 day moving average of $49.10. iShares Gold Trust has a twelve month low of $37.53 and a twelve 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.