NBH Bank Takes Position in iShares Gold Trust $IAU

NBH Bank purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,187 shares of the exchange traded fund’s stock, valued at approximately $3,412,000. iShares Gold Trust makes up approximately 1.4% of NBH Bank’s investment portfolio, making the stock its 17th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of iShares Gold Trust by 1.5% in the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after purchasing an additional 203,528 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in iShares Gold Trust by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after buying an additional 260,541 shares in the last quarter. BlackRock Inc. boosted its holdings in iShares Gold Trust by 1.3% during the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after buying an additional 109,246 shares in the last quarter. Citigroup Inc. grew its position in 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 buying an additional 1,893,594 shares during the period. Finally, Ameriprise Financial Inc. grew its position in iShares Gold Trust by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after buying an additional 148,881 shares during the period. Institutional investors and hedge funds 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 has found some support after the initial selloff, with investors continuing to view the metal as a strategic allocation amid rising government debt, inflation concerns and instability in global bond markets. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Gold ETF demand could remain resilient despite higher yields because of inflation, fiscal and currency risks, while central banks continue accumulating bullion. The World Gold Council reported 23 net tonnes of central-bank purchases in July, led by China and Poland. Why Gold ETFs Could Keep Shining Despite Higher Rates
• Positive Sentiment: European reserve-management changes and geopolitical tensions are reinforcing gold’s appeal as a crisis asset. The Netherlands moved roughly 86 tons of gold from North America to London to improve crisis preparedness. Dutch central bank moves gold bars out of U.S. and Canada

iShares Gold Trust Trading Down 0.8%

Shares of iShares Gold Trust stock opened at $83.39 on Friday. iShares Gold Trust has a 12-month low of $67.35 and a 12-month high of $104.40. The stock has a market cap of $68.87 billion, a PE ratio of 5.53 and a beta of 0.19. The company has a 50-day moving average of $79.73 and a two-hundred day moving average of $84.96.

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).