NBH Bank Invests $3.41 Million in iShares Gold Trust $IAU

NBH Bank acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 45,187 shares of the exchange traded fund’s stock, valued at approximately $3,412,000. iShares Gold Trust makes up about 1.4% of NBH Bank’s holdings, making the stock its 17th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth about $25,000. Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $26,000. Fairway Wealth LLC grew its position in shares of iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 252 shares during the last quarter. Finally, Rossby Financial LCC grew its position in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $83.39 on Friday. iShares Gold Trust has a 1-year low of $67.35 and a 1-year high of $104.40. The stock has a market cap of $68.87 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. The firm has a 50 day simple moving average of $79.73 and a 200-day simple moving average of $84.96.

Trending Headlines about iShares Gold Trust

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 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).