Cypress Capital Group Purchases 75,914 Shares of iShares Gold Trust $IAU

Cypress Capital Group raised its position in iShares Gold Trust (NYSEARCA:IAU) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,049 shares of the exchange traded fund’s stock after buying an additional 75,914 shares during the quarter. iShares Gold Trust accounts for 2.0% of Cypress Capital Group’s holdings, making the stock its 10th biggest holding. Cypress Capital Group’s holdings in iShares Gold Trust were worth $16,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new position in iShares Gold Trust in the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC acquired a new position in iShares Gold Trust in the 1st quarter valued at $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust in the 1st quarter valued at $27,000. Dunhill Financial LLC grew its holdings in iShares Gold Trust by 86.6% in 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 in the last quarter. Finally, Garrison Bradford & Associates Inc. acquired a new position in iShares Gold Trust in the 1st quarter valued at $29,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU opened at $75.58 on Monday. The firm has a market cap of $62.47 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $76.49. The business’s fifty day moving average is $67.72 and its 200-day moving average is $64.06.

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.