PNC Financial Services Group Inc. cut its position in iShares Gold Trust (NYSEARCA:IAU) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 783,974 shares of the exchange traded fund’s stock after selling 35,673 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Gold Trust were worth $8,961,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of IAU. Frontier Investment Mgmt Co. acquired a new position in iShares Gold Trust in the 3rd quarter valued at $115,000. Brookstone Capital Management acquired a new position in iShares Gold Trust in the 3rd quarter valued at $118,000. Arkansas Financial Group Inc. acquired a new position in iShares Gold Trust in the 3rd quarter valued at $120,000. Winthrop Advisory Group LLC acquired a new position in iShares Gold Trust in the 2nd quarter valued at $144,000. Finally, Signaturefd LLC acquired a new position in iShares Gold Trust in the 2nd quarter valued at $167,000.
NYSEARCA IAU opened at $11.71 on Friday. iShares Gold Trust has a 52-week low of $11.25 and a 52-week high of $13.11.
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.
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