iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Transform Wealth LLC

Transform Wealth LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,853 shares of the exchange traded fund’s stock after selling 509 shares during the quarter. Transform Wealth LLC’s holdings in iShares Gold Trust were worth $291,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. 1832 Asset Management L.P. acquired a new stake in iShares Gold Trust in the 1st quarter valued at approximately $30,021,000. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after acquiring an additional 665,653 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares Gold Trust in the second quarter worth $26,134,000. Finally, Cetera Investment Advisers increased its holdings in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 0.5 %

IAU stock opened at $50.53 on Thursday. The company has a 50-day simple moving average of $48.38 and a 200 day simple moving average of $45.87. iShares Gold Trust has a fifty-two week low of $36.33 and a fifty-two week high of $50.72.

About iShares Gold Trust

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.