Cwm LLC Buys 859,525 Shares of iShares Gold Trust $IAU

Cwm LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 82.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,896,741 shares of the exchange traded fund’s stock after buying an additional 859,525 shares during the period. Cwm LLC owned about 0.23% of iShares Gold Trust worth $138,026,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Sincerus Advisory LLC lifted its holdings in iShares Gold Trust by 2.8% during the 3rd quarter. Sincerus Advisory LLC now owns 5,184 shares of the exchange traded fund’s stock valued at $377,000 after purchasing an additional 143 shares during the last quarter. Diversified Enterprises LLC increased its holdings in shares of iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 163 shares in the last quarter. Red Mountain Financial LLC increased its holdings in shares of iShares Gold Trust by 0.4% during the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after buying an additional 165 shares in the last quarter. New Hampshire Trust raised its stake in shares of iShares Gold Trust by 4.2% in the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after acquiring an additional 171 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of iShares Gold Trust by 0.3% in the 2nd quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock worth $3,803,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

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iShares Gold Trust Price Performance

IAU stock opened at $84.34 on Friday. The business has a fifty day moving average price of $78.54 and a 200 day moving average price of $70.50. iShares Gold Trust has a fifty-two week low of $49.00 and a fifty-two week high of $84.71. The stock has a market capitalization of $69.50 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

iShares Gold Trust Company 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).

Further Reading

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

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