Cypress Capital Group Has $19.69 Million Position in iShares Gold Trust $IAU

Cypress Capital Group raised its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 270,506 shares of the exchange traded fund’s stock after purchasing an additional 8,457 shares during the period. iShares Gold Trust accounts for approximately 2.4% of Cypress Capital Group’s investment portfolio, making the stock its 10th biggest position. Cypress Capital Group’s holdings in iShares Gold Trust were worth $19,685,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new position in iShares Gold Trust during the second quarter worth $25,000. Mountain Hill Investment Partners Corp. purchased a new stake in iShares Gold Trust during the third quarter valued at about $29,000. Keener Financial Planning LLC purchased a new position in iShares Gold Trust in the 2nd quarter valued at approximately $25,000. Private Wealth Management Group LLC grew its holdings in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares in the last quarter. Finally, Key Financial Inc purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at $28,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $101.57 on Friday. The company has a fifty day moving average of $84.09 and a 200-day moving average of $74.80. iShares Gold Trust has a 52-week low of $52.46 and a 52-week high of $104.40. The company has a market capitalization of $85.76 billion, a P/E ratio of 5.53 and a beta of 0.09.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Read More

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.