Citigroup Inc. Purchases 4,546,835 Shares of iShares Gold Trust $IAU

Citigroup Inc. increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 809.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,108,818 shares of the exchange traded fund’s stock after acquiring an additional 4,546,835 shares during the period. Citigroup Inc. owned about 0.67% of iShares Gold Trust worth $318,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Keener Financial Planning LLC bought a new position in iShares Gold Trust in the 2nd quarter valued at $25,000. MTM Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter worth about $25,000. Private Wealth Management Group LLC grew its position 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 period. Key Financial Inc purchased a new stake in iShares Gold Trust during the second quarter worth about $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust in the first quarter worth about $29,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.8%

IAU opened at $76.98 on Monday. iShares Gold Trust has a twelve month low of $48.32 and a twelve month high of $82.55. The company’s 50-day moving average price is $74.20 and its two-hundred day moving average price is $67.03. The stock has a market cap of $63.44 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.