Mariner LLC Acquires 20,540 Shares of iShares Gold Trust $IAU

Mariner LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,449,635 shares of the exchange traded fund’s stock after purchasing an additional 20,540 shares during the quarter. Mariner LLC’s holdings in iShares Gold Trust were worth $117,667,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IAU. Wills Financial Group LLC increased its stake in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after buying an additional 13,093 shares during the last quarter. Hudson Oak Wealth Advisory LLC purchased a new stake in iShares Gold Trust in the 4th quarter valued at about $1,725,000. Allianz SE increased its stake in iShares Gold Trust by 2.8% in the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after buying an additional 32,341 shares during the last quarter. Advisory Services Network LLC increased its stake in iShares Gold Trust by 20.3% in the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after buying an additional 35,018 shares during the last quarter. Finally, South Shore Capital Advisors purchased a new stake in iShares Gold Trust in the 4th quarter valued at about $858,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $81.26 on Tuesday. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The firm has a 50-day moving average price of $86.23 and a two-hundred day moving average price of $87.70.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold jumped as the U.S.-Iran ceasefire/deal eased oil-price pressure and inflation fears, improving the outlook for gold and gold-backed funds. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Comex gold settled sharply higher, reinforcing momentum in bullion prices and supporting IAU. Comex Gold Settles 2.68% Higher at $4328.00
• Positive Sentiment: Gold rallied further as oil prices tumbled and analysts said the move was driven by lower geopolitical risk and softer rate-hike expectations. Gold rallies above $4,350 as oil prices tumble, but analysts say recovery is not complete
• Positive Sentiment: Reports noted gold is benefiting from the Iran deal, weaker dollar conditions, and renewed expectations for Federal Reserve easing. Gold (XAUUSD) Price Forecast: Gold Rally Builds as Iran Deal Cuts Rate Hike Bets

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).