Sumitomo Mitsui Trust Holdings Inc. Has $892.69 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Sumitomo Mitsui Trust Holdings Inc. decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,249,413 shares of the exchange traded fund’s stock after selling 323,298 shares during the quarter. iShares Gold Trust accounts for about 0.6% of Sumitomo Mitsui Trust Holdings Inc.’s investment portfolio, making the stock its 22nd largest holding. Sumitomo Mitsui Trust Holdings Inc. owned 3.26% of iShares Gold Trust worth $892,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Private Ocean LLC acquired a new stake in shares of iShares Gold Trust in the first quarter worth $29,000. ORG Partners LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth about $28,000. Pingora Partners LLC purchased a new position in iShares Gold Trust during the 4th quarter valued at about $31,000. Signature Resources Capital Management LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $32,000. Finally, Chilton Capital Management LLC lifted its position in shares of iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 542 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock traded up $0.46 during trading on Wednesday, hitting $44.52. 520,604 shares of the company were exchanged, compared to its average volume of 6,321,374. The business’s 50-day simple moving average is $44.18 and its 200 day simple moving average is $41.53. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $46.08.

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.