Pinnacle Bancorp Inc. Has $513,000 Stake in iShares Gold Trust (NYSEARCA:IAU)

Pinnacle Bancorp Inc. lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,357 shares of the exchange traded fund’s stock after selling 1,750 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares Gold Trust were worth $513,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of iShares Gold Trust in the 3rd quarter valued at about $95,801,000. Truist Financial Corp increased its holdings in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the period. Park Avenue Securities LLC lifted its stake in iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.8 %

NYSEARCA:IAU opened at $50.91 on Thursday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The company has a fifty day moving average of $49.85 and a 200-day moving average of $48.62.

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.