iShares Gold Trust (NYSEARCA:IAU) is Equitable Trust Co.’s 2nd Largest Position

Equitable Trust Co. trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,466,167 shares of the exchange traded fund’s stock after selling 111,530 shares during the quarter. iShares Gold Trust comprises 6.8% of Equitable Trust Co.’s portfolio, making the stock its 2nd largest position. Equitable Trust Co. owned about 0.37% of iShares Gold Trust worth $122,100,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Soltis Investment Advisors LLC purchased a new stake in iShares Gold Trust during the fourth quarter worth approximately $282,000. MBA Advisors LLC lifted its position in shares of iShares Gold Trust by 5.0% during the fourth quarter. MBA Advisors LLC now owns 140,531 shares of the exchange traded fund’s stock worth $6,958,000 after purchasing an additional 6,649 shares in the last quarter. Savant Capital LLC lifted its position in shares of iShares Gold Trust by 26.2% during the fourth quarter. Savant Capital LLC now owns 31,253 shares of the exchange traded fund’s stock worth $1,547,000 after purchasing an additional 6,494 shares in the last quarter. MFA Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 10.5% during the fourth quarter. MFA Wealth Advisors LLC now owns 167,155 shares of the exchange traded fund’s stock worth $8,276,000 after purchasing an additional 15,833 shares in the last quarter. Finally, Wealthstar Advisors LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter worth $3,012,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $53.97 on Monday. The company’s fifty day simple moving average is $50.78 and its 200-day simple moving average is $49.49. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $54.48.

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.