Cushing Capital Partners LLC Sells 574 Shares of iShares Gold Trust $IAU

Cushing Capital Partners LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,335 shares of the exchange traded fund’s stock after selling 574 shares during the quarter. iShares Gold Trust makes up approximately 2.8% of Cushing Capital Partners LLC’s holdings, making the stock its 6th largest holding. Cushing Capital Partners LLC’s holdings in iShares Gold Trust were worth $3,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Keener Financial Planning LLC acquired a new stake in shares of iShares Gold Trust in the second quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new position in iShares Gold Trust in the first quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust during the 1st quarter worth about $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 worth $28,000 after acquiring an additional 219 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.7%

iShares Gold Trust stock opened at $79.32 on Thursday. The business has a 50 day moving average price of $68.60 and a two-hundred day moving average price of $64.40. The stock has a market cap of $65.61 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $79.39.

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.