Wells Fargo & Company MN Raises Stock Holdings in iShares Gold Trust $IAU

Wells Fargo & Company MN increased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,136,955 shares of the exchange traded fund’s stock after acquiring an additional 260,541 shares during the period. Wells Fargo & Company MN owned approximately 1.56% of iShares Gold Trust worth $1,066,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wills Financial Group LLC grew its position in iShares Gold Trust by 9.8% during the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth about $1,725,000. Allianz SE grew its position in iShares Gold Trust by 2.8% during the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after purchasing an additional 32,341 shares during the period. Advisory Services Network LLC grew its position in iShares Gold Trust by 20.3% during the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after purchasing an additional 35,018 shares during the period. Finally, South Shore Capital Advisors acquired a new stake in iShares Gold Trust during the 4th quarter worth about $858,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold and silver recovered into Friday’s close as oil prices fell on U.S.-Iran deal hopes, Treasury yields declined, and equities rallied, which helped improve sentiment toward precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Several reports said gold is holding important support near the $4,000 area, with analysts watching for signs that a bottom may be forming after the recent selloff. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: Gold is stabilizing after a failed breakdown at support, suggesting buyers are defending the market, but overhead resistance still needs to be cleared before a stronger rebound is confirmed. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Gold gained some support from safe-haven demand tied to Middle East tensions and continued demand from China, but traders still see the move as a technical rebound unless prices reclaim higher resistance levels. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Negative Sentiment: Multiple reports warned that gold remains in a broader downtrend because stronger inflation data and rising Fed rate expectations can reduce the appeal of non-yielding assets like bullion. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise

iShares Gold Trust Stock Performance

Shares of IAU opened at $79.19 on Friday. The business’s 50-day moving average is $86.36 and its two-hundred day moving average is $87.61. The company has a market capitalization of $67.42 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week 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).