Cibc World Market Inc. Sells 72,463 Shares of iShares Gold Trust $IAU

Cibc World Market Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 19.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 298,523 shares of the exchange traded fund’s stock after selling 72,463 shares during the quarter. Cibc World Market Inc.’s holdings in iShares Gold Trust were worth $21,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IAU. MTM Investment Management LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter worth approximately $25,000. Private Wealth Management Group LLC increased its holdings in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the last quarter. Key Financial Inc bought a new position in iShares Gold Trust in the second quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of iShares Gold Trust during the 3rd quarter worth $29,000. Finally, Traub Capital Management LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting iShares Gold Trust

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

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $95.76 on Thursday. The stock has a market cap of $80.85 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock’s fifty day moving average is $86.64 and its 200 day moving average is $76.72. iShares Gold Trust has a one year low of $53.44 and a one year high of $104.40.

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).

Further Reading

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

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