PNC Financial Services Group Inc. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 950,390 shares of the exchange traded fund’s stock after acquiring an additional 24,557 shares during the period. PNC Financial Services Group Inc. owned about 0.15% of iShares Gold Trust worth $47,234,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of IAU. Archer Investment Corp boosted its holdings in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the 2nd quarter worth $34,000. Finally, Pacifica Partners Inc. purchased a new stake in iShares Gold Trust in the second quarter valued at $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Up 0.6 %
Shares of IAU stock opened at $50.02 on Thursday. The stock’s 50-day moving average is $50.16 and its two-hundred day moving average is $47.02. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69.
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.
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