Resources Management Corp CT ADV Has $107,000 Position in iShares Gold Trust $IAU

Resources Management Corp CT ADV lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 98.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,319 shares of the exchange traded fund’s stock after selling 83,346 shares during the quarter. Resources Management Corp CT ADV’s holdings in iShares Gold Trust were worth $107,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wills Financial Group LLC boosted its stake in shares of iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares in the last quarter. Hudson Oak Wealth Advisory LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $1,725,000. Allianz SE grew its holdings in shares of iShares Gold Trust by 2.8% during the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after purchasing an additional 32,341 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of iShares Gold Trust by 20.3% during the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after purchasing an additional 35,018 shares during the last quarter. Finally, South Shore Capital Advisors bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $858,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 2.6%

Shares of iShares Gold Trust stock opened at $81.26 on Tuesday. The firm has a market capitalization of $69.18 billion, a PE ratio of 5.53 and a beta of 0.15. The firm’s 50 day moving average is $86.23 and its 200 day moving average is $87.70. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40.

Trending Headlines about iShares Gold Trust

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).