7,393 Shares in iShares Gold Trust $IAU Purchased by Fortune Financial Group Inc.

Fortune Financial Group Inc. purchased a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,393 shares of the exchange traded fund’s stock, valued at approximately $618,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GWN Securities Inc. boosted its stake in shares of iShares Gold Trust by 29.4% in the 4th quarter. GWN Securities Inc. now owns 10,370 shares of the exchange traded fund’s stock valued at $842,000 after purchasing an additional 2,357 shares in the last quarter. First American Trust FSB boosted its stake in shares of iShares Gold Trust by 0.3% in the 4th quarter. First American Trust FSB now owns 338,339 shares of the exchange traded fund’s stock valued at $27,463,000 after purchasing an additional 891 shares in the last quarter. Wills Financial Group LLC boosted its stake in shares of 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 purchasing an additional 13,093 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of iShares Gold Trust by 3.4% in the 4th quarter. Deutsche Bank AG now owns 1,041,430 shares of the exchange traded fund’s stock valued at $84,533,000 after purchasing an additional 34,693 shares in the last quarter. Finally, Outlook Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 48.7% in the 4th quarter. Outlook Wealth Advisors LLC now owns 24,046 shares of the exchange traded fund’s stock valued at $1,952,000 after purchasing an additional 7,876 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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

• Negative Sentiment: Spot gold has weakened materially after the latest CPI report, with traders pricing in a less dovish Fed path and higher-for-longer rates weighing on bullion. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Technical breakdowns in gold below key support levels, including the 200-day moving average, are signaling the potential for further downside in the metal and related ETFs. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Several market updates suggest the selling in gold may continue if real yields stay elevated and investors keep rotating away from safe-haven metals. As gold’s tumble continues, traders bet the pain may last for two more years
• Neutral Sentiment: Some analysts still argue gold remains in a longer-term bull market, but they say the near-term trend is still weak and vulnerable to further volatility. Gold price could triple if 1970s bull market pattern holds, says Jeff Clark
• Neutral Sentiment: Recent commentary on GLD versus IAU is mainly educational, but it reinforces that IAU is a low-cost vehicle that closely tracks the spot price of gold, so weakness in bullion directly affects the fund. GLD vs. IAU: Which Gold ETF Costs You Less Over Time?

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $76.79 on Thursday. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The company’s fifty day moving average is $86.75 and its 200-day moving average is $87.65. The company has a market capitalization of $65.38 billion, a PE ratio of 5.53 and a beta of 0.15.

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).