People s United Financial Inc. lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 6.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,764,985 shares of the exchange traded fund’s stock after acquiring an additional 173,618 shares during the quarter. iShares Gold Trust makes up about 1.0% of People s United Financial Inc.’s holdings, making the stock its 21st largest holding. People s United Financial Inc.’s holdings in iShares Gold Trust were worth $31,603,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in IAU. Lincoln National Corp grew its position in iShares Gold Trust by 4.6% during the second quarter. Lincoln National Corp now owns 99,176 shares of the exchange traded fund’s stock valued at $1,192,000 after buying an additional 4,383 shares during the period. Meridian Investment Counsel Inc. lifted its stake in shares of iShares Gold Trust by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 256,570 shares of the exchange traded fund’s stock worth $3,084,000 after buying an additional 4,500 shares in the last quarter. Sigma Investment Counselors Inc. raised its stake in iShares Gold Trust by 1.4% during the third quarter. Sigma Investment Counselors Inc. now owns 333,089 shares of the exchange traded fund’s stock worth $3,807,000 after purchasing an additional 4,531 shares during the period. WESPAC Advisors SoCal LLC increased its position in shares of iShares Gold Trust by 16.4% during the second quarter. WESPAC Advisors SoCal LLC now owns 32,250 shares of the exchange traded fund’s stock valued at $387,000 after acquiring an additional 4,550 shares during the last quarter. Finally, Howland Capital Management LLC lifted its stake in iShares Gold Trust by 2.4% in the third quarter. Howland Capital Management LLC now owns 197,844 shares of the exchange traded fund’s stock worth $2,261,000 after acquiring an additional 4,673 shares during the last quarter.
NYSEARCA:IAU opened at $11.79 on Tuesday. iShares Gold Trust has a fifty-two week low of $11.25 and a fifty-two week high of $13.11.
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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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