J.Safra Asset Management Corp Buys 21,699 Shares of iShares Gold Trust $IAU

J.Safra Asset Management Corp raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 2,488.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,571 shares of the exchange traded fund’s stock after buying an additional 21,699 shares during the quarter. J.Safra Asset Management Corp’s holdings in iShares Gold Trust were worth $1,832,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new position in shares of iShares Gold Trust during the third quarter valued at approximately $193,639,000. JPMorgan Chase & Co. raised its holdings in shares of iShares Gold Trust by 20.6% in the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after purchasing an additional 2,245,617 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of iShares Gold Trust by 381.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Mizuho Bank Ltd. bought a new position in shares of iShares Gold Trust during the third quarter valued at about $120,798,000. Finally, Emory University purchased a new position in iShares Gold Trust during the third quarter worth about $78,661,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $76.79 on Thursday. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The company has a 50-day simple moving average of $86.75 and a two-hundred day simple moving average of $87.65. The company has a market capitalization of $65.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

More iShares Gold Trust News

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

• Negative Sentiment: Spot gold has weakened materially after the latest CPI report, with traders pricing in a less dovish Fed path and higher-for-longer rates weighing on bullion. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Technical breakdowns in gold below key support levels, including the 200-day moving average, are signaling the potential for further downside in the metal and related ETFs. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Several market updates suggest the selling in gold may continue if real yields stay elevated and investors keep rotating away from safe-haven metals. As gold’s tumble continues, traders bet the pain may last for two more years
• Neutral Sentiment: Some analysts still argue gold remains in a longer-term bull market, but they say the near-term trend is still weak and vulnerable to further volatility. Gold price could triple if 1970s bull market pattern holds, says Jeff Clark
• Neutral Sentiment: Recent commentary on GLD versus IAU is mainly educational, but it reinforces that IAU is a low-cost vehicle that closely tracks the spot price of gold, so weakness in bullion directly affects the fund. GLD vs. IAU: Which Gold ETF Costs You Less Over Time?

About iShares Gold Trust

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).