54,981 Shares in iShares Gold Trust $IAU Bought by Bluedoor Private Wealth LLC

Bluedoor Private Wealth LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,981 shares of the exchange traded fund’s stock, valued at approximately $4,463,000. iShares Gold Trust makes up about 2.1% of Bluedoor Private Wealth LLC’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in iShares Gold Trust in the third quarter valued at $25,000. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust in the fourth quarter valued at $25,000. Rossby Financial LCC boosted its stake in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Gables Capital Management Inc. increased its position in iShares Gold Trust by 173.1% during the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 225 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in iShares Gold Trust during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold jumped as the U.S.-Iran ceasefire/deal eased oil-price pressure and inflation fears, improving the outlook for gold and gold-backed funds. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Comex gold settled sharply higher, reinforcing momentum in bullion prices and supporting IAU. Comex Gold Settles 2.68% Higher at $4328.00
• Positive Sentiment: Gold rallied further as oil prices tumbled and analysts said the move was driven by lower geopolitical risk and softer rate-hike expectations. Gold rallies above $4,350 as oil prices tumble, but analysts say recovery is not complete
• Positive Sentiment: Reports noted gold is benefiting from the Iran deal, weaker dollar conditions, and renewed expectations for Federal Reserve easing. Gold (XAUUSD) Price Forecast: Gold Rally Builds as Iran Deal Cuts Rate Hike Bets

iShares Gold Trust Stock Up 2.6%

IAU opened at $81.26 on Tuesday. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The business’s 50 day moving average is $86.23 and its two-hundred day moving average is $87.70.

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).