Huntington National Bank Sells 1,642 Shares of iShares Gold Trust $IAU

Huntington National Bank cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 224,710 shares of the exchange traded fund’s stock after selling 1,642 shares during the period. Huntington National Bank’s holdings in iShares Gold Trust were worth $14,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Key Financial Inc purchased a new position in iShares Gold Trust in the second quarter valued at approximately $28,000. Optivise Advisory Services LLC lifted its stake in iShares Gold Trust by 10.1% in the second quarter. Optivise Advisory Services LLC now owns 7,156 shares of the exchange traded fund’s stock valued at $446,000 after purchasing an additional 656 shares during the last quarter. Freestone Capital Holdings LLC lifted its stake in iShares Gold Trust by 3.9% in the second quarter. Freestone Capital Holdings LLC now owns 28,880 shares of the exchange traded fund’s stock valued at $1,801,000 after purchasing an additional 1,079 shares during the last quarter. BCGM Wealth Management LLC lifted its stake in iShares Gold Trust by 4.2% in the second quarter. BCGM Wealth Management LLC now owns 53,127 shares of the exchange traded fund’s stock valued at $3,313,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in iShares Gold Trust by 23.1% in the second quarter. Bank of Montreal Can now owns 974,903 shares of the exchange traded fund’s stock valued at $60,795,000 after purchasing an additional 182,626 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 1.8%

iShares Gold Trust stock opened at $74.21 on Wednesday. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $82.55. The business’s 50 day simple moving average is $72.44 and its 200 day simple moving average is $66.25. The company has a market cap of $61.20 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.