Truist Financial Corp Acquires 1,339,100 Shares of iShares Gold Trust (NYSEARCA:IAU)

Truist Financial Corp increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 118.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,465,359 shares of the exchange traded fund’s stock after buying an additional 1,339,100 shares during the quarter. Truist Financial Corp owned 0.38% of iShares Gold Trust worth $108,303,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. 1832 Asset Management L.P. bought a new stake in shares of iShares Gold Trust during the first quarter worth $30,021,000. Hsbc Holdings PLC grew its position in iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after acquiring an additional 665,653 shares during the last quarter. Cetera Investment Advisers increased its holdings in iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Bank of New York Mellon Corp raised its position in iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after purchasing an additional 581,671 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of iShares Gold Trust during the first quarter valued at about $24,048,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.0 %

iShares Gold Trust stock opened at $50.21 on Wednesday. The business has a 50 day moving average of $47.38 and a 200-day moving average of $45.23. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $50.57.

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.