Sumitomo Mitsui Trust Group Inc. Lowers Holdings in iShares Gold Trust (NYSEARCA:IAU)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,600,803 shares of the exchange traded fund’s stock after selling 551,732 shares during the period. iShares Gold Trust makes up approximately 0.6% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 23rd biggest position. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares Gold Trust were worth $871,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $33,000. Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares in the last quarter. Independence Bank of Kentucky acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $53.89 on Friday. The stock’s 50 day moving average price is $50.63 and its 200 day moving average price is $49.38. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.40.

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.