Mariner LLC Purchases 20,540 Shares of iShares Gold Trust $IAU

Mariner LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,449,635 shares of the exchange traded fund’s stock after acquiring an additional 20,540 shares during the quarter. Mariner LLC owned about 0.17% of iShares Gold Trust worth $117,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Schmidt P J Investment Management Inc. boosted its position in shares of iShares Gold Trust by 1.1% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares in the last quarter. Foster Group Inc. boosted its position in shares of iShares Gold Trust by 2.4% during the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 120 shares in the last quarter. Haverford Trust Co lifted its position in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 120 shares in the last quarter. Nemes Rush Group LLC lifted its position in iShares Gold Trust by 1.9% in the 4th quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after acquiring an additional 130 shares in the last quarter. Finally, Two West Capital Advisors LLC lifted its position in iShares Gold Trust by 1.9% in the 4th quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock valued at $571,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $81.26 on Tuesday. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The stock has a market cap of $69.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm’s 50-day simple moving average is $86.23 and its 200 day simple moving average is $87.70.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold jumped as the U.S.-Iran ceasefire/deal eased oil-price pressure and inflation fears, improving the outlook for gold and gold-backed funds. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Comex gold settled sharply higher, reinforcing momentum in bullion prices and supporting IAU. Comex Gold Settles 2.68% Higher at $4328.00
• Positive Sentiment: Gold rallied further as oil prices tumbled and analysts said the move was driven by lower geopolitical risk and softer rate-hike expectations. Gold rallies above $4,350 as oil prices tumble, but analysts say recovery is not complete
• Positive Sentiment: Reports noted gold is benefiting from the Iran deal, weaker dollar conditions, and renewed expectations for Federal Reserve easing. Gold (XAUUSD) Price Forecast: Gold Rally Builds as Iran Deal Cuts Rate Hike Bets

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).