Private Trust Co. NA Has $805,000 Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Private Trust Co. NA lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 24.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,201 shares of the exchange traded fund’s stock after selling 5,189 shares during the quarter. Private Trust Co. NA’s holdings in iShares Gold Trust were worth $805,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of 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 valued at $154,577,000 after purchasing an additional 479,796 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in iShares Gold Trust by 4,843.7% in the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after buying an additional 229,303 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in iShares Gold Trust by 2.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after acquiring an additional 4,189 shares during the last quarter. Prospera Financial Services Inc grew its holdings in iShares Gold Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after acquiring an additional 7,001 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after acquiring an additional 581,671 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $49.69 on Wednesday. iShares Gold Trust has a 12-month low of $37.40 and a 12-month high of $52.69. The stock’s fifty day simple moving average is $50.34 and its 200-day simple moving average is $47.24.

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.