Harbour Wealth Management Group Inc. Invests $13.14 Million in iShares Gold Trust $IAU

Harbour Wealth Management Group Inc. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 161,869 shares of the exchange traded fund’s stock, valued at approximately $13,139,000. iShares Gold Trust makes up approximately 10.3% of Harbour Wealth Management Group Inc.’s holdings, making the stock its biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. First Growth Capital LLC bought a new stake in iShares Gold Trust during the 4th quarter valued at $901,000. Birchwood Financial Partners Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter worth $648,000. Ameriflex Group Inc. increased its holdings in shares of iShares Gold Trust by 106.6% during the fourth quarter. Ameriflex Group Inc. now owns 624 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 322 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares Gold Trust by 8.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 779,157 shares of the exchange traded fund’s stock valued at $63,277,000 after purchasing an additional 60,788 shares during the period. Finally, Virtue Capital Management LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $229,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key iShares Gold Trust News

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

• Positive Sentiment: Longer-term demand for gold remains supported by central bank buying and geopolitical uncertainty, with several analysts arguing gold ETFs still belong in diversified portfolios. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Some market commentary says central banks are likely to keep increasing gold reserves amid rising geopolitical risks, which could provide ongoing support for gold-backed funds like IAU. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Gold briefly found support after the Fed held rates steady, but the market quickly shifted to pricing in a higher-for-longer policy path, limiting the bounce. Gold Rises After Fed Leaves Rates Unchanged
• Negative Sentiment: Gold prices fell as the Fed’s hawkish messaging revived expectations for additional tightening, pushing the dollar higher and pressuring bullion. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Recent articles point to continued technical weakness in gold, with prices failing at resistance and testing support levels that could signal more downside if they break. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

iShares Gold Trust Stock Down 0.4%

Shares of NYSEARCA IAU opened at $79.33 on Friday. The stock has a market cap of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15. The firm’s 50-day simple moving average is $85.76 and its 200 day simple moving average is $87.73. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40.

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).