M&T Bank Corp Sells 16,791 Shares of iShares Gold Trust (NYSEARCA:IAU)

M&T Bank Corp cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 343,894 shares of the exchange traded fund’s stock after selling 16,791 shares during the quarter. M&T Bank Corp’s holdings in iShares Gold Trust were worth $17,091,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IAU. Quadrature Capital Ltd acquired a new position in shares of iShares Gold Trust in the third quarter worth approximately $95,801,000. Truist Financial Corp boosted its stake 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 purchasing an additional 1,339,100 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of iShares Gold Trust by 10,279.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying an additional 666,330 shares during the period. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in iShares Gold Trust in the second quarter valued at $26,134,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0 %

Shares of iShares Gold Trust stock opened at $49.50 on Friday. The business has a 50-day moving average price of $50.40 and a two-hundred day moving average price of $47.89. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $52.69.

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.