iShares Gold Trust (NYSEARCA:IAU) Position Reduced by Zions Bancorporation N.A.

Zions Bancorporation N.A. lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 51.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 695 shares of the exchange traded fund’s stock after selling 747 shares during the period. Zions Bancorporation N.A.’s holdings in iShares Gold Trust were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Global Trust Asset Management LLC lifted its stake in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust in the 2nd quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $34,000. Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $35,000. Finally, Chris Bulman Inc acquired a new stake in iShares Gold Trust during the second quarter worth about $43,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $48.37 on Friday. The business has a 50 day moving average of $50.08 and a two-hundred day moving average of $46.89. iShares Gold Trust has a 52 week low of $37.21 and a 52 week 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.