Portfolio Resources Advisor Group Inc. Purchases Shares of 19,412 iShares Gold Trust $IAU

Portfolio Resources Advisor Group Inc. purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,412 shares of the exchange traded fund’s stock, valued at approximately $1,576,000. iShares Gold Trust accounts for 1.6% of Portfolio Resources Advisor Group Inc.’s portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of IAU. CIBC Bancorp USA Inc. acquired a new position in shares of iShares Gold Trust during the third quarter worth about $193,639,000. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after purchasing an additional 2,245,617 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of iShares Gold Trust by 381.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. lifted its stake in shares of iShares Gold Trust by 35.7% during the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of iShares Gold Trust during the third quarter worth about $120,798,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key iShares Gold Trust News

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 opened at $79.19 on Monday. The stock’s 50-day moving average is $86.36 and its two-hundred day moving average is $87.68. The stock has a market cap of $67.42 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $61.37 and a 12 month high of $104.40.

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).