M&T Bank Corp Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

M&T Bank Corp lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,894 shares of the exchange traded fund’s stock after selling 16,791 shares during the quarter. M&T Bank Corp owned approximately 0.05% of iShares Gold Trust worth $17,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in iShares Gold Trust by 15.8% during the second 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. Independent Family Office LLC raised its holdings in iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after purchasing an additional 16,827 shares in the last quarter. International Assets Investment Management LLC raised its holdings in iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in iShares Gold Trust by 2.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock worth $8,992,000 after purchasing an additional 4,189 shares in the last quarter. Finally, Prospera Financial Services Inc raised its holdings in iShares Gold Trust by 18.7% during the third quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after purchasing an additional 7,001 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $50.83 on Wednesday. iShares Gold Trust has a twelve month low of $37.40 and a twelve month high of $52.69. The company’s 50 day moving average is $50.38 and its two-hundred day moving average is $47.54.

iShares Gold Trust 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.