Howland Capital Management LLC Has $3.91 Million Holdings in iShares Gold Trust $IAU

Howland Capital Management LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,218 shares of the exchange traded fund’s stock after purchasing an additional 8,028 shares during the quarter. Howland Capital Management LLC’s holdings in iShares Gold Trust were worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IAU. CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth approximately $193,639,000. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after buying an additional 2,245,617 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after buying an additional 2,008,288 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $120,798,000. Finally, Emory University acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $78,661,000. 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:

• 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

Shares of IAU stock opened at $79.19 on Friday. The stock’s fifty day simple moving average is $86.36 and its 200 day simple moving average is $87.61. The firm has a market cap of $67.42 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40.

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).