Creative Planning Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Creative Planning lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 797,061 shares of the exchange traded fund’s stock after selling 983 shares during the quarter. Creative Planning owned 0.12% of iShares Gold Trust worth $39,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Truist Financial Corp raised its holdings in shares of 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 valued at $108,303,000 after acquiring an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at about $30,021,000. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Gold Trust in the second quarter worth about $26,134,000. Finally, Cetera Investment Advisers boosted its position in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after acquiring an additional 586,652 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $51.37 on Friday. The stock has a 50 day moving average price of $48.59 and a 200-day moving average price of $45.99. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $51.41.

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.