First Financial Bankshares Inc Has $422,000 Position in iShares Gold Trust (NYSEARCA:IAU)

First Financial Bankshares Inc trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,499 shares of the exchange traded fund’s stock after selling 581 shares during the period. First Financial Bankshares Inc’s holdings in iShares Gold Trust were worth $422,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in iShares Gold Trust in the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% in 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 during the period. Sanctuary Advisors LLC purchased a new position in iShares Gold Trust during the 2nd quarter valued at about $26,134,000. Finally, Cetera Investment Advisers grew 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 worth $29,160,000 after purchasing an additional 586,652 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $51.80 on Monday. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $51.92. The business has a 50-day moving average of $49.09 and a 200-day moving average of $46.26.

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.