CNB Bank Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

CNB Bank reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,637 shares of the exchange traded fund’s stock after selling 512 shares during the quarter. CNB Bank’s holdings in iShares Gold Trust were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFG Advisors raised its position in iShares Gold Trust by 3.7% in the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after purchasing an additional 754 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of iShares Gold Trust by 203.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock worth $762,000 after acquiring an additional 13,101 shares during the period. Hsbc Holdings PLC increased its position in shares of iShares Gold Trust by 6.7% during the third quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock worth $3,482,000 after acquiring an additional 6,263 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $544,000. Finally, Geneos Wealth Management Inc. increased its position in shares of iShares Gold Trust by 10.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after acquiring an additional 282 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded up $0.14 during trading on Friday, reaching $45.14. 7,878,616 shares of the company were exchanged, compared to its average volume of 10,242,113. The business’s fifty day simple moving average is $41.17 and its 200-day simple moving average is $38.97. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98.

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.