Pinnacle Bancorp Inc. Raises Position in iShares Gold Trust (NYSEARCA:IAU)

Pinnacle Bancorp Inc. grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,107 shares of the exchange traded fund’s stock after acquiring an additional 990 shares during the period. Pinnacle Bancorp Inc.’s holdings in iShares Gold Trust were worth $602,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of iShares Gold Trust by 6.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock valued at $133,523,000 after purchasing an additional 178,898 shares in the last quarter. Truist Financial Corp boosted its position in shares of iShares Gold Trust by 118.9% in the 2nd 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. Proficio Capital Partners LLC grew its stake in shares of iShares Gold Trust by 2.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after buying an additional 44,515 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after buying an additional 581,671 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8 %

Shares of NYSEARCA:IAU opened at $49.65 on Friday. iShares Gold Trust has a 12-month low of $35.36 and a 12-month high of $50.57. The stock has a fifty day simple moving average of $47.93 and a two-hundred day simple moving average of $45.57.

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.