17 Capital Partners LLC Makes New $646,000 Investment in iShares Gold Trust $IAU

17 Capital Partners LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,954 shares of the exchange traded fund’s stock, valued at approximately $646,000.

A number of other large investors have also added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. increased its stake in iShares Gold Trust by 1.1% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 106 shares during the last quarter. Foster Group Inc. increased its stake in iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 120 shares during the last quarter. Haverford Trust Co increased its stake in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 120 shares during the last quarter. Nemes Rush Group LLC increased its stake in iShares Gold Trust by 1.9% in the 4th quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 130 shares during the last quarter. Finally, Two West Capital Advisors LLC increased its stake in iShares Gold Trust by 1.9% in the 4th quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock worth $571,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $79.19 on Friday. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The stock’s 50 day simple moving average is $86.36 and its two-hundred day simple moving average is $87.61. The company 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 News Summary

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

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).