Pinnacle Financial Partners Inc Has $1.42 Million Holdings in iShares Gold Trust $IAU

Pinnacle Financial Partners Inc lowered its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 23.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,555 shares of the exchange traded fund’s stock after selling 5,878 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares Gold Trust were worth $1,423,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after buying an additional 4,398,605 shares during the period. WealthNavi Inc. grew its holdings in iShares Gold Trust by 8.5% during the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock worth $518,890,000 after acquiring an additional 559,413 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after acquiring an additional 148,881 shares in the last quarter. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after purchasing an additional 692,844 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock valued at $318,586,000 after purchasing an additional 4,546,835 shares during the period. 59.67% of the stock is owned by institutional investors.

Key Stories Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

NYSEARCA IAU opened at $86.27 on Friday. The stock has a market capitalization of $72.42 billion, a P/E ratio of 5.53 and a beta of 0.09. The business has a 50 day simple moving average of $81.04 and a 200 day simple moving average of $72.90. iShares Gold Trust has a one year low of $50.96 and a one year high of $87.43.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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