iShares Gold Trust $IAU Shares Purchased by Wills Financial Group LLC

Wills Financial Group LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,134 shares of the exchange traded fund’s stock after purchasing an additional 13,093 shares during the period. iShares Gold Trust accounts for about 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth about $1,725,000. Allianz SE increased its position in shares of iShares Gold Trust by 2.8% during the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after acquiring an additional 32,341 shares during the last quarter. Advisory Services Network LLC increased its position in shares of iShares Gold Trust by 20.3% during the third quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after acquiring an additional 35,018 shares during the last quarter. South Shore Capital Advisors acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $858,000. Finally, Center For Asset Management LLC increased its position in shares of iShares Gold Trust by 275.8% during the fourth quarter. Center For Asset Management LLC now owns 17,345 shares of the exchange traded fund’s stock valued at $1,408,000 after acquiring an additional 12,729 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting iShares Gold Trust

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 Price Performance

Shares of IAU opened at $80.07 on Wednesday. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The stock has a market cap of $68.17 billion, a PE ratio of 5.53 and a beta of 0.15. The firm has a 50-day simple moving average of $86.92 and a two-hundred day simple moving average of $87.65.

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).