Arax Advisory Partners Sells 262,353 Shares of iShares Gold Trust $IAU

Arax Advisory Partners trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 60.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,173 shares of the exchange traded fund’s stock after selling 262,353 shares during the quarter. Arax Advisory Partners’ holdings in iShares Gold Trust were worth $13,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in iShares Gold Trust during the 4th quarter worth approximately $25,000. Rossby Financial LCC grew its position in iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in iShares Gold Trust during the 3rd quarter worth approximately $25,000. Gables Capital Management Inc. grew its position in iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares during the last quarter. Finally, Dakota Community Bank & Trust NA bought a new position in iShares Gold Trust during the 4th quarter worth approximately $30,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

IAU opened at $79.19 on Friday. The stock’s 50 day simple moving average is $86.36 and its 200 day simple moving average is $87.61. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The firm has a market cap of $67.42 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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

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).