CENTRAL TRUST Co Decreases Holdings in iShares Gold Trust $IAU

CENTRAL TRUST Co trimmed its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 9.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 924,593 shares of the exchange traded fund’s stock after selling 92,617 shares during the quarter. iShares Gold Trust makes up approximately 1.6% of CENTRAL TRUST Co’s portfolio, making the stock its 15th biggest position. CENTRAL TRUST Co’s holdings in iShares Gold Trust were worth $81,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in shares of iShares Gold Trust during the third quarter worth $193,639,000. Concurrent Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. boosted its position in shares of iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in iShares Gold Trust during the 3rd quarter worth $120,798,000. Finally, Emory University purchased a new position in iShares Gold Trust during the 3rd quarter worth $78,661,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $77.33 on Wednesday. The business’s 50-day moving average is $85.10 and its 200 day moving average is $87.71. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The firm has a market capitalization of $65.83 billion, a P/E ratio of 5.53 and a beta of 0.15.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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