iShares Gold Trust $IAU Position Trimmed by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,920 shares of the exchange traded fund’s stock after selling 9,530 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in iShares Gold Trust were worth $6,398,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IAU. MTM Investment Management LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter worth $25,000. Keener Financial Planning LLC purchased a new stake in shares of iShares Gold Trust during the second quarter valued at $25,000. Private Wealth Management Group LLC boosted its position in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc purchased a new position in iShares Gold Trust in the 2nd quarter worth about $28,000. Finally, SOA Wealth Advisors LLC. raised its holdings in iShares Gold Trust by 230.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 322 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.9%

IAU stock opened at $86.49 on Tuesday. iShares Gold Trust has a one year low of $50.14 and a one year high of $87.19. The firm has a 50-day moving average of $80.10 and a two-hundred day moving average of $72.29. The firm has a market capitalization of $72.63 billion, a PE ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Summary

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

iShares Gold Trust Profile

(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).

Further Reading

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

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