PAX Financial Group LLC Has $5.35 Million Stake in iShares Gold Trust $IAU

PAX Financial Group LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,857 shares of the exchange traded fund’s stock after buying an additional 11,244 shares during the period. iShares Gold Trust accounts for about 0.9% of PAX Financial Group LLC’s investment portfolio, making the stock its 28th biggest holding. PAX Financial Group LLC’s holdings in iShares Gold Trust were worth $5,346,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth approximately $25,000. Dakota Community Bank & Trust NA acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at about $30,000. Key Capital Management INC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at about $32,000. Measured Wealth Private Client Group LLC acquired a new position in shares of iShares Gold Trust during the third quarter valued at about $31,000. Finally, Fourth Dimension Wealth LLC raised its holdings in shares of iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold is still finding support from safe-haven demand and geopolitical uncertainty, with several reports noting the metal holding near very high levels and defending key support zones. Gold firms near $4,700, silver slips as Hormuz talks steady oil – Kitco AM Report
• Positive Sentiment: Weekly U.S. jobless claims rose, which can reinforce the case for eventual easier policy and support gold demand. Spot gold approaching session high after U.S. weekly jobless claims rise to 211k
• Neutral Sentiment: Gold is described as being in a tightening range near a possible breakout zone, suggesting the ETF may stay sensitive to the next macro catalyst rather than trend decisively on its own. Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone
• Negative Sentiment: Hot inflation readings and rising yields have recently weighed on gold, with analysts saying the stronger dollar is also pressuring bullion and weakening momentum. Gold News: Gold Price Struggles as Dollar Rally Extends to Four Days
• Negative Sentiment: Another report said gold weakened after a producer-price shock and higher Treasury yields, reinforcing the near-term headwind for gold-backed funds like IAU. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields

iShares Gold Trust Trading Down 0.7%

Shares of NYSEARCA IAU opened at $87.54 on Friday. The firm’s 50-day moving average price is $89.45 and its 200-day moving average price is $86.63. iShares Gold Trust has a 1-year low of $59.71 and a 1-year high of $104.40. The firm has a market capitalization of $74.53 billion, a P/E ratio of 5.53 and a beta of 0.16.

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).