Focus Partners Wealth Acquires 588,133 Shares of iShares Gold Trust $IAU

Focus Partners Wealth boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 118.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,083,477 shares of the exchange traded fund’s stock after buying an additional 588,133 shares during the period. Focus Partners Wealth’s holdings in iShares Gold Trust were worth $87,925,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IAU. CIBC Bancorp USA Inc. bought a new position in shares of iShares Gold Trust in the 3rd quarter valued at $193,639,000. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after acquiring an additional 2,245,617 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after acquiring an additional 2,008,288 shares during the last quarter. Citigroup Inc. lifted its stake in shares of iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Finally, Mizuho Bank Ltd. bought a new position in shares of iShares Gold Trust in the 3rd quarter valued at $120,798,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $79.19 on Monday. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The stock has a market capitalization of $67.42 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a fifty day moving average of $86.36 and a 200-day moving average of $87.68.

iShares Gold Trust News Roundup

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

• 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).