Suntrust Banks Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 43.1% during the first quarter, HoldingsChannel.com reports. The fund owned 410,790 shares of the exchange traded fund’s stock after acquiring an additional 123,778 shares during the period. Suntrust Banks Inc.’s holdings in iShares Gold Trust were worth $5,228,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. BDO Wealth Advisors LLC increased its holdings in shares of iShares Gold Trust by 125.6% in the 1st quarter. BDO Wealth Advisors LLC now owns 9,025 shares of the exchange traded fund’s stock worth $115,000 after buying an additional 5,025 shares during the last quarter. Certified Advisory Corp bought a new position in shares of iShares Gold Trust in the 4th quarter worth $120,000. Lido Advisors LLC bought a new position in shares of iShares Gold Trust in the 1st quarter worth $135,000. Ahrens Investment Partners LLC bought a new position in shares of iShares Gold Trust in the 1st quarter worth $136,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of iShares Gold Trust in the 4th quarter worth $141,000.
Shares of iShares Gold Trust opened at $12.14 on Tuesday, MarketBeat reports. iShares Gold Trust has a one year low of $11.61 and a one year high of $13.11.
iShares Gold Trust Company 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.
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