Pinnacle Financial Partners Inc lessened its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,553 shares of the exchange traded fund’s stock after selling 3,853 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Gold Trust were worth $2,707,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in IAU. Compass Financial Services Inc bought a new stake in shares of iShares Gold Trust in the fourth quarter worth $27,000. Archer Investment Corp lifted its position in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new stake in shares of iShares Gold Trust in the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU stock opened at $55.39 on Friday. The company’s fifty day simple moving average is $51.75 and its 200-day simple moving average is $50.16. iShares Gold Trust has a 12 month low of $38.21 and a 12 month high of $55.60.
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.
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