iShares Gold Trust $IAU Stock: Sumitomo Mitsui Trust Group Inc. Trims Position

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,577,457 shares of the exchange traded fund’s stock after selling 536,669 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.33% of iShares Gold Trust worth $201,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IAU. Harborfront Financial Group LLC purchased a new position in shares of iShares Gold Trust during the second quarter valued at approximately $28,000. Dunhill Financial LLC lifted its stake in iShares Gold Trust by 72.9% in the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 159 shares during the period. Gold Investment Management Ltd. purchased a new stake in iShares Gold Trust in the second quarter worth $32,000. Hickory Point Bank & Trust lifted its stake in iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares during the period. Finally, Evolution Wealth Management Inc. boosted its holdings in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $72.92 on Monday. The firm’s fifty day simple moving average is $80.07 and its 200 day simple moving average is $84.62. The stock has a market cap of $57.50 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $72.71 and a twelve month high of $104.40.

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. 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).