Prudential PLC Reduces Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Prudential PLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 57.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,281 shares of the exchange traded fund’s stock after selling 38,930 shares during the period. Prudential PLC’s holdings in iShares Gold Trust were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Ashton Thomas Private Wealth LLC raised its position in iShares Gold Trust by 18.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 37,541 shares of the exchange traded fund’s stock valued at $1,649,000 after acquiring an additional 5,782 shares in the last quarter. First Foundation Advisors grew its stake in shares of iShares Gold Trust by 2.2% during the 2nd quarter. First Foundation Advisors now owns 318,528 shares of the exchange traded fund’s stock worth $13,993,000 after purchasing an additional 6,736 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of iShares Gold Trust by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 58,997 shares of the exchange traded fund’s stock valued at $2,592,000 after purchasing an additional 1,610 shares in the last quarter. Insight 2811 Inc. acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $203,000. Finally, Ellis Investment Partners LLC boosted its holdings in iShares Gold Trust by 6.5% during the second quarter. Ellis Investment Partners LLC now owns 15,698 shares of the exchange traded fund’s stock worth $690,000 after buying an additional 964 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU stock opened at $47.47 on Thursday. iShares Gold Trust has a one year low of $34.35 and a one year high of $47.83. The firm’s fifty day moving average is $46.27 and its 200 day moving average is $44.28.

About iShares Gold Trust

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.