Focus Partners Wealth Has $87.93 Million Position in iShares Gold Trust $IAU

Focus Partners Wealth increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 118.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,083,477 shares of the exchange traded fund’s stock after buying an additional 588,133 shares during the quarter. Focus Partners Wealth owned about 0.13% of iShares Gold Trust worth $87,925,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Garrison Point Advisors LLC lifted its stake in iShares Gold Trust by 142.7% during the fourth quarter. Garrison Point Advisors LLC now owns 7,305 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 4,295 shares during the last quarter. Knollwood Investment Advisory LLC lifted its stake in iShares Gold Trust by 12.1% during the fourth quarter. Knollwood Investment Advisory LLC now owns 75,139 shares of the exchange traded fund’s stock worth $6,099,000 after purchasing an additional 8,112 shares during the last quarter. Destination Wealth Management bought a new stake in iShares Gold Trust during the fourth quarter worth $204,000. Evelyn Partners Asset Management Ltd lifted its stake in iShares Gold Trust by 1.1% during the fourth quarter. Evelyn Partners Asset Management Ltd now owns 81,392 shares of the exchange traded fund’s stock worth $6,607,000 after purchasing an additional 895 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in iShares Gold Trust by 0.7% during the fourth quarter. Brown Advisory Inc. now owns 200,903 shares of the exchange traded fund’s stock worth $16,307,000 after purchasing an additional 1,394 shares during the last quarter. 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 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 Price Performance

NYSEARCA IAU opened at $79.19 on Monday. The business has a fifty day moving average price of $86.36 and a two-hundred day moving average price of $87.68. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The stock has a market capitalization of $67.42 billion, a PE ratio of 5.53 and a beta of 0.15.

iShares Gold Trust Profile

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).