Shares of iShares Gold Trust (NYSEARCA:IAU – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,672,040 shares traded hands during trading, a decline of 56% from the previous session’s volume of 6,045,935 shares.The stock last traded at $44.06 and had previously closed at $44.47.
iShares Gold Trust Stock Performance
The stock has a 50-day moving average of $40.39 and a two-hundred day moving average of $38.58.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC increased its holdings in shares of iShares Gold Trust by 413,629.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund’s stock worth $1,003,051,000 after purchasing an additional 28,991,285 shares in the last quarter. Morgan Stanley increased its holdings in shares of iShares Gold Trust by 3.2% in the 4th quarter. Morgan Stanley now owns 22,233,703 shares of the exchange traded fund’s stock worth $769,064,000 after purchasing an additional 694,430 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of iShares Gold Trust by 0.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after purchasing an additional 121,364 shares in the last quarter. Charles Schwab Investment Advisory Inc. increased its holdings in shares of iShares Gold Trust by 1.4% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 21,165,835 shares of the exchange traded fund’s stock worth $779,537,000 after purchasing an additional 292,574 shares in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in shares of iShares Gold Trust by 2.6% in the 3rd quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock worth $502,364,000 after purchasing an additional 366,559 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Company Profile
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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