Harbour Wealth Management Group Inc. Acquires New Stake in iShares Gold Trust $IAU

Harbour Wealth Management Group Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 161,869 shares of the exchange traded fund’s stock, valued at approximately $13,139,000. iShares Gold Trust accounts for approximately 10.3% of Harbour Wealth Management Group Inc.’s holdings, making the stock its biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. boosted its stake in iShares Gold Trust by 1.1% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after purchasing an additional 106 shares in the last quarter. Foster Group Inc. raised its stake in shares of 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 buying an additional 120 shares in the last quarter. Haverford Trust Co raised its stake in shares of 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 buying an additional 120 shares in the last quarter. Brooks Moore & Associates Inc. raised its stake in shares of iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 125 shares in the last quarter. Finally, Nemes Rush Group LLC lifted its holdings in shares of iShares Gold Trust by 1.9% in the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 130 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.4%

Shares of IAU stock opened at $79.33 on Friday. The stock has a 50-day simple moving average of $85.76 and a 200 day simple moving average of $87.73. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The stock has a market capitalization of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15.

Key iShares Gold Trust News

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

• Positive Sentiment: Longer-term demand for gold remains supported by central bank buying and geopolitical uncertainty, with several analysts arguing gold ETFs still belong in diversified portfolios. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Some market commentary says central banks are likely to keep increasing gold reserves amid rising geopolitical risks, which could provide ongoing support for gold-backed funds like IAU. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Gold briefly found support after the Fed held rates steady, but the market quickly shifted to pricing in a higher-for-longer policy path, limiting the bounce. Gold Rises After Fed Leaves Rates Unchanged
• Negative Sentiment: Gold prices fell as the Fed’s hawkish messaging revived expectations for additional tightening, pushing the dollar higher and pressuring bullion. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Recent articles point to continued technical weakness in gold, with prices failing at resistance and testing support levels that could signal more downside if they break. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

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).