2 weeks Ago By ABMN Staff
iShares Gold Trust ( NYSEARCA:IAU – Get Free Report ) shares saw strong trading volume on Friday . 4,411,756 shares were traded during trading, a decline of 26% from the previous session’s volume of 5,978,442 shares.The stock last traded at $50.
35 and had previously closed at $50.50. iShares Gold Trust Stock Down 0.
8 % The stock’s fifty day moving average price is $47.20 and its 200-day moving average price is $45.05.
Hedge Funds Weigh In On iShares Gold Trust Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in iShares Gold Trust by 15.
8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares in the last quarter.
Commonwealth Equity Services LLC increased its stake in shares of iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock valued at $133,523,000 after buying an additional 178,898 shares during the period.
Truist Financial Corp increased its holdings in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period.
Proficio Capital Partners LLC raised its position in shares of iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after acquiring an additional 44,515 shares during the last quarter.
Finally, CIBC Private Wealth Group LLC lifted its stake in shares of iShares Gold Trust by 7.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000,500 shares of the exchange traded fund’s stock worth $78,080,000 after acquiring an additional 144,014 shares during the period.
59.67% of the stock is owned by institutional investors. 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. See Also Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.
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