Captrust Financial Advisors Raises Position in iShares Gold Trust $IAU

Captrust Financial Advisors grew its position in iShares Gold Trust (NYSEARCA:IAU) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,410,855 shares of the exchange traded fund’s stock after acquiring an additional 11,014 shares during the period. Captrust Financial Advisors owned about 0.29% of iShares Gold Trust worth $195,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IAU. Brighton Jones LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $1,864,000. Bison Wealth LLC boosted its holdings in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after acquiring an additional 8,609 shares in the last quarter. Glenview Trust co boosted its holdings in shares of iShares Gold Trust by 9.7% in the second quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of iShares Gold Trust by 6.3% in the second quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 2,172 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.3%

Shares of NYSEARCA:IAU opened at $81.50 on Wednesday. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm’s 50-day simple moving average is $86.10 and its 200-day simple moving average is $87.72. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold prices rose as lower oil prices and falling Treasury yields reduced inflation pressure and rate-hike worries, supporting the outlook for IAU. Gold News: Gold Breakout Stalls as Traders Await Key Fed Rate Signals
• Positive Sentiment: Analysts said gold remains in a bullish long-term trend, with support from inflation concerns, policy uncertainty, and steady central-bank buying. Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood’s Bruce
• Positive Sentiment: Wall Street analysts are increasingly positive on gold, citing potential geopolitical easing and an expected rebound in prices. Wall Street’s Gold Analysts Are Pricing in Middle-East Peace—and They See a ‘Rebound’ Coming
• Positive Sentiment: Record central-bank buying plans and strong official-sector demand continue to underpin gold prices. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Neutral Sentiment: Near-term charts suggest gold is still consolidating after a strong move, so IAU may stay volatile until investors get clearer Fed and inflation signals. Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood’s Bruce
• Negative Sentiment: Gold funds saw sizable outflows last week as some investors rotated toward risk assets, which could temper near-term momentum for IAU. Gold funds see $2B in weekly outflows as investors pivot toward risk assets

iShares Gold Trust Company 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).