Ipsen Advisor Group LLC Takes $1.98 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Ipsen Advisor Group LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,993 shares of the exchange traded fund’s stock, valued at approximately $1,980,000. iShares Gold Trust makes up 1.7% of Ipsen Advisor Group LLC’s holdings, making the stock its 13th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quadrant Private Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 195 shares during the period. TPG Advisors LLC raised its position in iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares in the last quarter. Finally, Howard Financial Services LTD. increased its stake in shares of iShares Gold Trust by 3.2% in the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $56.99 on Wednesday. The stock has a fifty day moving average of $54.36 and a 200-day moving average of $51.54. The stock has a market capitalization of $40.83 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52 week low of $41.08 and a 52 week high of $57.59.

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.