Ipsen Advisor Group LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Ipsen Advisor Group LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 39,993 shares of the exchange traded fund’s stock, valued at approximately $1,980,000. iShares Gold Trust comprises about 1.7% of Ipsen Advisor Group LLC’s portfolio, making the stock its 13th biggest position.

Several other hedge funds also recently modified their holdings of IAU. Citigroup Inc. grew its holdings in shares of iShares Gold Trust by 72.9% during the third quarter. Citigroup Inc. now owns 580,005 shares of the exchange traded fund’s stock worth $28,826,000 after purchasing an additional 244,601 shares during the last quarter. Fisher Asset Management LLC boosted its position in iShares Gold Trust by 81.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,351 shares of the exchange traded fund’s stock worth $514,000 after buying an additional 4,632 shares during the period. Douglass Winthrop Advisors LLC bought a new stake in iShares Gold Trust during the 3rd quarter worth approximately $928,000. Davis R M Inc. acquired a new position in iShares Gold Trust in the 3rd quarter valued at approximately $249,000. Finally, Blue Investment Partners LLC raised its stake in shares of iShares Gold Trust by 0.6% during the third quarter. Blue Investment Partners LLC now owns 78,949 shares of the exchange traded fund’s stock valued at $3,924,000 after acquiring an additional 476 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.5 %

Shares of iShares Gold Trust stock opened at $56.99 on Wednesday. The stock has a market cap of $40.83 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a twelve month low of $41.08 and a twelve month high of $57.59. The company’s fifty day moving average is $54.36 and its 200 day moving average is $51.54.

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.