Cypress Capital Group raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 56.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,135 shares of the exchange traded fund’s stock after buying an additional 67,433 shares during the period. iShares Gold Trust comprises about 1.4% of Cypress Capital Group’s investment portfolio, making the stock its 17th biggest holding. Cypress Capital Group’s holdings in iShares Gold Trust were worth $10,975,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Dunhill Financial LLC boosted its stake in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the period. Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust during the 1st quarter valued at $29,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 0.0%
iShares Gold Trust stock opened at $64.06 on Monday. The company has a market capitalization of $48.73 billion, a P/E ratio of 5.53 and a beta of 0.15. The firm’s fifty day simple moving average is $63.17 and its 200-day simple moving average is $59.91. iShares Gold Trust has a 1-year low of $45.74 and a 1-year high of $65.00.
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.
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