Portfolio Resources Advisor Group Inc. acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,412 shares of the exchange traded fund’s stock, valued at approximately $1,576,000. iShares Gold Trust accounts for approximately 1.6% of Portfolio Resources Advisor Group Inc.’s holdings, making the stock its 17th largest position.
Several other institutional investors have also modified their holdings of IAU. Abich Financial Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the third quarter worth about $25,000. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Gold Trust in the fourth quarter worth about $25,000. Rossby Financial LCC lifted its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Gables Capital Management Inc. lifted its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $79.19 on Monday. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The business’s 50-day simple moving average is $86.36 and its 200 day simple moving average is $87.68. The stock has a market cap of $67.42 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: Gold and silver recovered into Friday’s close as oil prices fell on U.S.-Iran deal hopes, Treasury yields declined, and equities rallied, which helped improve sentiment toward precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
- Positive Sentiment: Several reports said gold is holding important support near the $4,000 area, with analysts watching for signs that a bottom may be forming after the recent selloff. Gold holds key $4,000 support as analysts watch for signs of a bottom
- Neutral Sentiment: Gold is stabilizing after a failed breakdown at support, suggesting buyers are defending the market, but overhead resistance still needs to be cleared before a stronger rebound is confirmed. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
- Neutral Sentiment: Gold gained some support from safe-haven demand tied to Middle East tensions and continued demand from China, but traders still see the move as a technical rebound unless prices reclaim higher resistance levels. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
- Negative Sentiment: Multiple reports warned that gold remains in a broader downtrend because stronger inflation data and rising Fed rate expectations can reduce the appeal of non-yielding assets like bullion. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise
About iShares Gold Trust
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).
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