iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Eastern Bank

Eastern Bank cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,923 shares of the exchange traded fund’s stock after selling 4,568 shares during the period. Eastern Bank’s holdings in iShares Gold Trust were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at approximately $95,801,000. Truist Financial Corp lifted its position in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after acquiring an additional 1,339,100 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of 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 in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $50.25 on Tuesday. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69. The firm has a 50 day simple moving average of $49.87 and a 200 day simple moving average of $48.57.

iShares Gold Trust Company 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.