Sumitomo Mitsui Trust Group Inc. Decreases Stock Position in iShares Gold Trust $IAU

Sumitomo Mitsui Trust Group Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 45.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,614,120 shares of the exchange traded fund’s stock after selling 2,994,795 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.42% of iShares Gold Trust worth $318,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Godfrey Financial Associates Inc. bought a new position in shares of iShares Gold Trust during the fourth quarter valued at $25,000. Monetary Solutions Ltd bought a new stake in iShares Gold Trust in the 4th quarter worth about $26,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares Gold Trust in the 1st quarter worth about $26,000. Fairway Wealth LLC increased its holdings in iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 252 shares in the last quarter. Finally, Rossby Financial LCC raised its position in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

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iShares Gold Trust Stock Performance

IAU opened at $76.74 on Thursday. The stock has a market capitalization of $63.38 billion, a P/E ratio of 5.53 and a beta of 0.18. The company’s 50-day simple moving average is $82.23 and its two-hundred day simple moving average is $87.42. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40.

iShares Gold Trust Company 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).

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

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