Guardian Capital LLC Makes New $3 Million Investment in iShares Gold Trust $IAU

Guardian Capital LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,901 shares of the exchange traded fund’s stock, valued at approximately $2,995,000. iShares Gold Trust comprises about 2.7% of Guardian Capital LLC’s investment portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in iShares Gold Trust in the third quarter worth $25,000. Dakota Community Bank & Trust NA purchased a new position in iShares Gold Trust in the fourth quarter worth $30,000. Key Capital Management INC purchased a new position in iShares Gold Trust in the fourth quarter worth $32,000. Measured Wealth Private Client Group LLC purchased a new position in iShares Gold Trust in the third quarter worth $31,000. Finally, Fourth Dimension Wealth LLC boosted its position in iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 2.3%

IAU stock opened at $85.51 on Friday. The stock’s fifty day simple moving average is $89.23 and its two-hundred day simple moving average is $86.62. iShares Gold Trust has a 1-year low of $59.71 and a 1-year high of $104.40. The stock has a market cap of $72.80 billion, a P/E ratio of 5.53 and a beta of 0.16.

Key Headlines Impacting iShares Gold Trust

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).