iShares Gold Trust (NYSEARCA:IAU) is New Millennium Group LLC’s 9th Largest Position

New Millennium Group LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,427 shares of the exchange traded fund’s stock after selling 22,568 shares during the quarter. iShares Gold Trust accounts for approximately 3.0% of New Millennium Group LLC’s holdings, making the stock its 9th biggest holding. New Millennium Group LLC’s holdings in iShares Gold Trust were worth $4,693,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Truist Financial Corp increased its position in iShares Gold Trust by 118.9% during 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 in the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Gold Trust during the 1st quarter worth about $30,021,000. Hsbc Holdings PLC increased its position in iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust during the 2nd quarter worth about $26,134,000. Finally, Cetera Investment Advisers increased its position in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0 %

iShares Gold Trust stock opened at $49.78 on Tuesday. The stock has a 50-day moving average price of $50.12 and a 200 day moving average price of $46.98. iShares Gold Trust has a 52 week low of $37.21 and a 52 week high of $52.69.

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.