Cape ANN Savings Bank Sells 2,370 Shares of iShares Gold Trust $IAU

Cape ANN Savings Bank decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 152,780 shares of the exchange traded fund’s stock after selling 2,370 shares during the period. iShares Gold Trust comprises approximately 5.7% of Cape ANN Savings Bank’s portfolio, making the stock its 4th biggest holding. Cape ANN Savings Bank’s holdings in iShares Gold Trust were worth $9,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after acquiring an additional 6,797,066 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after purchasing an additional 2,552,405 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of iShares Gold Trust during the 1st quarter worth approximately $68,629,000. Charles Schwab Investment Management Inc. grew its holdings in iShares Gold Trust by 1,357.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after buying an additional 913,987 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in iShares Gold Trust by 14.4% during the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after buying an additional 692,844 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.8%

Shares of NYSEARCA:IAU opened at $73.22 on Friday. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $73.43. The stock’s fifty day simple moving average is $66.44 and its 200-day simple moving average is $63.35. The company has a market capitalization of $59.82 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.