iShares Gold Trust $IAU Position Trimmed by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,649 shares of the exchange traded fund’s stock after selling 6,241 shares during the period. NorthCrest Asset Manangement LLC’s holdings in iShares Gold Trust were worth $21,877,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Keener Financial Planning LLC purchased a new stake in iShares Gold Trust in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC acquired a new position in shares of iShares Gold Trust in the second quarter worth $25,000. Private Wealth Management Group LLC raised its holdings in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares in the last quarter. Key Financial Inc acquired a new stake in iShares Gold Trust during the second quarter valued at $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in iShares Gold Trust during the third quarter valued at $29,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $86.27 on Monday. iShares Gold Trust has a fifty-two week low of $50.96 and a fifty-two week high of $87.43. The stock’s 50-day moving average is $81.04 and its two-hundred day moving average is $72.97. The firm has a market cap of $72.42 billion, a P/E ratio of 5.53 and a beta of 0.09.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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