iShares Gold Trust $IAU is Intellus Advisors LLC’s 3rd Largest Position

Intellus Advisors LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 586,596 shares of the exchange traded fund’s stock after selling 86,368 shares during the quarter. iShares Gold Trust makes up approximately 6.3% of Intellus Advisors LLC’s portfolio, making the stock its 3rd biggest position. Intellus Advisors LLC’s holdings in iShares Gold Trust were worth $47,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Envestnet Asset Management Inc. lifted its stake in iShares Gold Trust by 47.7% in the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after buying an additional 6,623,876 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in iShares Gold Trust in the third quarter valued at approximately $193,639,000. JPMorgan Chase & Co. raised its holdings in shares of iShares Gold Trust by 20.6% in the third 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 during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of iShares Gold Trust by 381.5% in the fourth 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 during the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in shares of iShares Gold Trust in the third quarter valued at about $120,798,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

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

• Positive Sentiment: Gold and silver rebounded when Treasury yields eased and oil prices fell, improving sentiment for precious metals and supporting IAU. Metals recover as Iran talks cool oil, Fed minutes cap risk – Kitco PM Report
• Positive Sentiment: Analysts said lower yields and weakening momentum in rates helped gold jump, a bullish backdrop for a gold-backed ETF like IAU. Gold News: Gold Market Jumps as Treasury Yields Lose Momentum
• Positive Sentiment: Several reports noted that slowing U.S. economic activity and weak manufacturing data could keep investors interested in gold as a defensive asset. Gold prices anchored at $4,500 as S&P Global says U.S. economic activity continues to slow
• Neutral Sentiment: Gold is consolidating in a tightening technical range, with traders waiting for a breakout to determine the next major move. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
• Neutral Sentiment: Recent commentary also highlighted that fading Hormuz risk premiums and mixed U.S. data have kept gold near steady rather than extending a strong directional move. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
• Negative Sentiment: Higher Treasury yields, a firmer U.S. dollar, and easing geopolitical fear have repeatedly pressured gold, which can weigh on IAU near term. Gold Edges Lower Amid Slightly Higher U.S. Treasury Yields
• Negative Sentiment: Technical analysts warned that gold’s break below key support levels could open the door to further downside, which would also pressure IAU. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $85.43 on Friday. The company has a 50-day simple moving average of $88.31 and a 200-day simple moving average of $86.99. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The stock has a market capitalization of $72.73 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16.

iShares Gold Trust Company 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).