Bank of Montreal Can Has $35.12 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Bank of Montreal Can trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 701,134 shares of the exchange traded fund’s stock after selling 56,794 shares during the quarter. Bank of Montreal Can owned 0.11% of iShares Gold Trust worth $35,120,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IAU. Envestnet Asset Management Inc. raised its position in iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares during the last quarter. International Assets Investment Management LLC raised its position in iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after buying an additional 229,303 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in iShares Gold Trust by 2.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after buying an additional 4,189 shares during the last quarter. Prospera Financial Services Inc raised its position in iShares Gold Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock valued at $2,213,000 after buying an additional 7,001 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after buying an additional 581,671 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $49.78 on Friday. The business has a fifty day moving average price of $50.39 and a two-hundred day moving average price of $47.27. iShares Gold Trust has a 1 year low of $37.40 and a 1 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.