iShares Gold Trust $IAU Position Raised by Cypress Capital Group

Cypress Capital Group raised its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.2% in the third quarter, Holdings Channel reports. The institutional investor owned 270,506 shares of the exchange traded fund’s stock after buying an additional 8,457 shares during the quarter. iShares Gold Trust accounts for about 2.4% of Cypress Capital Group’s holdings, making the stock its 10th biggest position. Cypress Capital Group’s holdings in iShares Gold Trust were worth $19,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in IAU. Citigroup Inc. lifted its holdings in shares of iShares Gold Trust by 809.1% during the second quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock valued at $318,586,000 after purchasing an additional 4,546,835 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after acquiring an additional 4,398,605 shares during the period. Prudential Financial Inc. grew its holdings in iShares Gold Trust by 2,152.7% during the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock valued at $217,892,000 after purchasing an additional 3,339,000 shares during the period. Packer & Co Ltd bought a new position in shares of iShares Gold Trust during the 3rd quarter valued at approximately $156,463,000. Finally, PFG Advisors increased its stake in shares of iShares Gold Trust by 4,797.3% in the second quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock worth $89,323,000 after purchasing an additional 1,403,121 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Trading Up 0.3%

Shares of IAU opened at $101.57 on Friday. The business’s 50 day moving average is $84.09 and its 200 day moving average is $74.80. iShares Gold Trust has a 12-month low of $52.46 and a 12-month high of $104.40. The company has a market capitalization of $85.76 billion, a PE ratio of 5.53 and a beta of 0.09.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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