Golden State Equity Partners Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Golden State Equity Partners decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.7% in the 3rd quarter, Holdings Channel reports. The fund owned 21,223 shares of the exchange traded fund’s stock after selling 816 shares during the quarter. Golden State Equity Partners’ holdings in iShares Gold Trust were worth $1,055,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of iShares Gold Trust in the first quarter worth $30,021,000. Hsbc Holdings PLC grew its position in iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $26,134,000. Finally, Cetera Investment Advisers raised its stake in iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded up $0.06 during trading on Wednesday, hitting $52.42. 390,594 shares of the stock traded hands, compared to its average volume of 5,902,423. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $52.50. The firm’s fifty day moving average is $49.28 and its 200-day moving average is $46.38.

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.