IPG Investment Advisors LLC Boosts Stock Position in iShares Gold Trust $IAU

IPG Investment Advisors LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 134.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,422 shares of the exchange traded fund’s stock after purchasing an additional 9,415 shares during the quarter. IPG Investment Advisors LLC’s holdings in iShares Gold Trust were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in shares of iShares Gold Trust in the third quarter valued at $25,000. Gables Capital Management Inc. grew its holdings in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 225 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $30,000. Key Capital Management INC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $32,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of iShares Gold Trust in the third quarter valued at $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Stock Performance

IAU stock opened at $83.73 on Thursday. The firm has a fifty day moving average price of $87.43 and a 200 day moving average price of $87.26. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The firm has a market cap of $71.28 billion, a PE ratio of 5.53 and a beta of 0.16.

iShares Gold Trust Profile

(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).

See Also

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

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