iShares Gold Trust (NYSEARCA:IAU) Stock Position Decreased by Eastern Bank

Eastern Bank lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,923 shares of the exchange traded fund’s stock after selling 4,568 shares during the period. Eastern Bank’s holdings in iShares Gold Trust were worth $1,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Archer Investment Corp grew its position in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 500 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of iShares Gold Trust by 32.9% in the second quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 357 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in shares of iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 341 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.0 %

iShares Gold Trust stock opened at $50.25 on Tuesday. The firm has a 50 day simple moving average of $49.87 and a 200-day simple moving average of $48.57. iShares Gold Trust has a 12-month low of $37.53 and a 12-month 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.