Lincoln National Corp lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 45.3% during the second quarter, Holdings Channel reports. The fund owned 55,729 shares of the exchange traded fund’s stock after selling 46,155 shares during the period. Lincoln National Corp’s holdings in iShares Gold Trust were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. IndexIQ Advisors LLC boosted its position in iShares Gold Trust by 58.9% during the second quarter. IndexIQ Advisors LLC now owns 510,556 shares of the exchange traded fund’s stock worth $17,211,000 after purchasing an additional 189,259 shares during the period. Covington Capital Management lifted its stake in shares of iShares Gold Trust by 5.7% during the 1st quarter. Covington Capital Management now owns 1,225,955 shares of the exchange traded fund’s stock worth $19,940,000 after buying an additional 65,773 shares during the last quarter. One Capital Management LLC boosted its holdings in shares of iShares Gold Trust by 6.9% during the 1st quarter. One Capital Management LLC now owns 125,748 shares of the exchange traded fund’s stock worth $2,044,000 after buying an additional 8,125 shares during the period. Coronation Fund Managers Ltd. acquired a new position in iShares Gold Trust in the 1st quarter valued at about $1,136,000. Finally, Equitable Trust Co. acquired a new position in iShares Gold Trust in the 2nd quarter valued at about $71,936,000. 56.47% of the stock is owned by institutional investors and hedge funds.
Shares of IAU stock opened at $34.11 on Thursday. iShares Gold Trust has a 12-month low of $31.94 and a 12-month high of $37.30. The firm has a 50 day moving average price of $33.83 and a two-hundred day moving average price of $34.11.
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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