Cambridge Investment Research Advisors Inc. Raises Stock Holdings in iShares Gold Trust $IAU

Cambridge Investment Research Advisors Inc. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,242 shares of the exchange traded fund’s stock after buying an additional 12,463 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in iShares Gold Trust were worth $82,245,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Everstar Asset Management LLC purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $211,000. Tennessee Valley Asset Management Partners grew its position in shares of iShares Gold Trust by 1.0% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 145,028 shares of the exchange traded fund’s stock worth $11,772,000 after purchasing an additional 1,477 shares in the last quarter. Financial Security Advisor Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $349,000. Cauble & Harre Wealth Management Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $9,265,000. Finally, AlphaCore Capital LLC grew its position in shares of iShares Gold Trust by 96.4% during the fourth quarter. AlphaCore Capital LLC now owns 25,976 shares of the exchange traded fund’s stock worth $2,108,000 after purchasing an additional 12,750 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 2.3%

NYSEARCA:IAU opened at $85.51 on Friday. iShares Gold Trust has a 12-month low of $59.71 and a 12-month high of $104.40. The stock has a 50-day moving average price of $89.23 and a 200 day moving average price of $86.62. The stock has a market capitalization of $72.80 billion, a P/E ratio of 5.53 and a beta of 0.16.

iShares Gold Trust News Summary

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

• Positive Sentiment: Some market commentary still points to long-term support for gold from central bank buying and ongoing geopolitical uncertainty, which could help limit downside over time. Central Banks Are Snapping Up Gold ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000
• Neutral Sentiment: Gold remains near a major support zone, and several analysts say that area will determine whether the metal stabilizes or extends its correction. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
• Neutral Sentiment: Longer-term demand for gold is still being supported by safe-haven interest, but that positive backdrop is being offset in the short run by higher rates and dollar strength. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
• Negative Sentiment: Gold prices fell as the dollar strengthened and Treasury yields moved higher, hurting demand for gold as a non-yielding asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
• Negative Sentiment: Several reports describe a broad sell-off in precious metals, with gold breaking key support and silver also sliding, reinforcing bearish momentum in the sector. Gold and silver slammed as Iran war fuels inflation and rate hike fears
• Negative Sentiment: Technical analysis points to a bearish breakdown in gold, with downside risk toward a deeper support zone if selling continues. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support

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).