Cypress Capital Group Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Cypress Capital Group grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 16.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 118,702 shares of the exchange traded fund’s stock after acquiring an additional 16,782 shares during the period. Cypress Capital Group’s holdings in iShares Gold Trust were worth $5,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IAU. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp grew its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew its stake in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.9 %

IAU stock opened at $55.04 on Wednesday. The stock has a market capitalization of $37.35 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 12-month low of $40.17 and a 12-month high of $55.70. The stock’s 50 day simple moving average is $52.49 and its 200 day simple moving average is $50.61.

iShares Gold Trust Company Profile

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.