iShares Gold Trust $IAU Shares Bought by Allianz SE

Allianz SE grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,233,566 shares of the exchange traded fund’s stock after buying an additional 46,934 shares during the period. iShares Gold Trust makes up 1.3% of Allianz SE’s investment portfolio, making the stock its 13th largest position. Allianz SE’s holdings in iShares Gold Trust were worth $100,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at approximately $25,000. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $25,000. Rossby Financial LCC lifted its stake in shares of iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the period. Gables Capital Management Inc. lifted its stake in shares of iShares Gold Trust by 173.1% in the 4th 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 during the period. Finally, Dakota Community Bank & Trust NA acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $30,000. Hedge funds and other institutional investors 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:

• 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

iShares Gold Trust Stock Up 0.1%

Shares of IAU opened at $79.19 on Friday. The company has a 50-day simple moving average of $86.36 and a 200-day simple moving average of $87.61. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The company has a market capitalization of $67.42 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).