iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,691 shares of the exchange traded fund’s stock after selling 339 shares during the quarter. Arkansas Financial Group Inc.’s holdings in iShares Gold Trust were worth $382,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Truist Financial Corp grew its holdings in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $30,021,000. Hsbc Holdings PLC grew its stake in shares of iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after purchasing an additional 665,653 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $26,134,000. Finally, Cetera Investment Advisers lifted its stake in iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU traded down $0.12 on Friday, reaching $50.08. 8,655,846 shares of the company traded hands, compared to its average volume of 6,058,156. The company’s 50 day moving average is $47.69 and its 200-day moving average is $45.36. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $50.57.

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.