Howland Capital Management LLC Purchases 8,028 Shares of iShares Gold Trust $IAU

Howland Capital Management LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.0% in the fourth quarter, HoldingsChannel reports. The fund owned 48,218 shares of the exchange traded fund’s stock after buying an additional 8,028 shares during the period. Howland Capital Management LLC’s holdings in iShares Gold Trust were worth $3,914,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter worth $25,000. Rossby Financial LCC increased its holdings in 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. Abich Financial Wealth Management LLC bought a new stake in iShares Gold Trust in the third quarter valued at about $25,000. Gables Capital Management Inc. increased its holdings in iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 225 shares during the last quarter. Finally, Dakota Community Bank & Trust NA bought a new stake in iShares Gold Trust in the fourth quarter valued at about $30,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.1%

NYSEARCA IAU opened at $79.19 on Friday. The stock has a 50-day simple moving average of $86.36 and a 200 day simple moving average of $87.61. The company has a market capitalization of $67.42 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $61.37 and a 12 month high of $104.40.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold and silver recovered into Friday’s close as oil prices fell on U.S.-Iran deal hopes, Treasury yields declined, and equities rallied, which helped improve sentiment toward precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Several reports said gold is holding important support near the $4,000 area, with analysts watching for signs that a bottom may be forming after the recent selloff. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: Gold is stabilizing after a failed breakdown at support, suggesting buyers are defending the market, but overhead resistance still needs to be cleared before a stronger rebound is confirmed. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Gold gained some support from safe-haven demand tied to Middle East tensions and continued demand from China, but traders still see the move as a technical rebound unless prices reclaim higher resistance levels. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Negative Sentiment: Multiple reports warned that gold remains in a broader downtrend because stronger inflation data and rising Fed rate expectations can reduce the appeal of non-yielding assets like bullion. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise

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).