M&T Bank Corp Sells 16,791 Shares of iShares Gold Trust (NYSEARCA:IAU)

M&T Bank Corp decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 343,894 shares of the exchange traded fund’s stock after selling 16,791 shares during the period. M&T Bank Corp owned approximately 0.05% of iShares Gold Trust worth $17,091,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC raised its stake in iShares Gold Trust by 5.1% during the third quarter. TD Private Client Wealth LLC now owns 28,810 shares of the exchange traded fund’s stock worth $1,432,000 after acquiring an additional 1,407 shares in the last quarter. Arete Wealth Advisors LLC increased its position in iShares Gold Trust by 547.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 53,473 shares of the exchange traded fund’s stock worth $2,654,000 after purchasing an additional 45,212 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in iShares Gold Trust by 9.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 302,725 shares of the exchange traded fund’s stock valued at $15,045,000 after purchasing an additional 26,791 shares during the last quarter. Ashford Capital Management Inc. boosted its position in iShares Gold Trust by 5.4% in the third quarter. Ashford Capital Management Inc. now owns 8,711 shares of the exchange traded fund’s stock valued at $433,000 after buying an additional 447 shares in the last quarter. Finally, Valued Retirements Inc. bought a new stake in shares of iShares Gold Trust during the third quarter worth $1,911,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0 %

Shares of IAU opened at $49.50 on Friday. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69. The stock has a fifty day moving average of $50.40 and a 200-day moving average of $47.89.

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.