Dahring Cusmano LLC Purchases Shares of 54,516 iShares Gold Trust (NYSEARCA:IAU)

Dahring Cusmano LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,516 shares of the exchange traded fund’s stock, valued at approximately $2,699,000. iShares Gold Trust makes up approximately 2.4% of Dahring Cusmano LLC’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after buying an additional 142,487 shares during the last quarter. Empower Advisory Group LLC lifted its position in shares of iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after buying an additional 1,507,442 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.1 %

IAU opened at $55.39 on Friday. The business has a 50 day moving average of $51.64 and a 200-day moving average of $50.06. iShares Gold Trust has a 12-month low of $38.21 and a 12-month high of $55.60.

iShares Gold Trust 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.