iShares Gold Trust $IAU is Wills Financial Group LLC’s 5th Largest Position

Wills Financial Group LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 9.8% in the 4th quarter, HoldingsChannel reports. The firm owned 147,134 shares of the exchange traded fund’s stock after purchasing an additional 13,093 shares during the quarter. iShares Gold Trust makes up 4.6% of Wills Financial Group LLC’s holdings, making the stock its 5th biggest holding. Wills Financial Group LLC’s holdings in iShares Gold Trust were worth $11,943,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Schmidt P J Investment Management Inc. boosted its stake in shares of iShares Gold Trust by 1.1% in the fourth 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 during the period. Foster Group Inc. grew its holdings in iShares Gold Trust by 2.4% during the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 120 shares in the last quarter. Nemes Rush Group LLC increased its position in shares of iShares Gold Trust by 1.9% in the 4th quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 130 shares during the last quarter. Two West Capital Advisors LLC increased its position in shares of iShares Gold Trust by 1.9% in the 4th quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock valued at $571,000 after purchasing an additional 132 shares during the last quarter. Finally, Focused Wealth Management Inc raised its holdings in shares of iShares Gold Trust by 3.4% in the 4th quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock valued at $330,000 after purchasing an additional 132 shares in the last quarter. 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:

• Negative Sentiment: Gold has extended its downtrend after breaking below key technical levels, with several analysts warning that the metal could test lower support zones and see more ETF redemptions. Gold’s Focus Now Turns to Continuation of Downtrend, Chart Shows
• Negative Sentiment: Rate-hike expectations and a firmer dollar are weighing on bullion ahead of CPI data, reinforcing the bearish short-term setup for gold-backed funds like IAU. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data
• Neutral Sentiment: China continued buying gold in May, adding nearly 10 tonnes to reserves for a 19th straight month, which may help provide longer-term support even as prices remain soft now. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Neutral Sentiment: Some analysts still see long-term upside for gold because inflation could eventually push real rates lower, but they do not expect an immediate rebound. Rising inflation may push real rates lower, setting the stage for gold’s next rally

iShares Gold Trust Trading Down 1.6%

iShares Gold Trust stock opened at $80.07 on Wednesday. The company has a fifty day simple moving average of $86.92 and a 200-day simple moving average of $87.65. The stock has a market cap of $68.17 billion, a P/E 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.

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).