Cauble & Harre Wealth Management Inc. Acquires New Shares in iShares Gold Trust $IAU

Cauble & Harre Wealth Management Inc. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 114,137 shares of the exchange traded fund’s stock, valued at approximately $9,265,000. iShares Gold Trust accounts for 7.8% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds have also recently made changes to their positions in IAU. Schmidt P J Investment Management Inc. grew its stake in shares of iShares Gold Trust by 1.1% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after buying an additional 106 shares in the last quarter. Foster Group Inc. increased its stake in shares of iShares Gold Trust by 2.4% during the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 120 shares during the period. Two West Capital Advisors LLC raised its holdings in shares of 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 purchasing an additional 132 shares in the last quarter. Focused Wealth Management Inc raised its stake in iShares Gold Trust by 3.4% in the fourth quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 132 shares in the last quarter. Finally, Evolution Wealth Advisors LLC raised its position in shares of iShares Gold Trust by 1.5% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 8,875 shares of the exchange traded fund’s stock worth $646,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Some market commentary still points to long-term support for gold from central bank buying and ongoing geopolitical uncertainty, which could help limit downside over time. Central Banks Are Snapping Up Gold ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000
• Neutral Sentiment: Gold remains near a major support zone, and several analysts say that area will determine whether the metal stabilizes or extends its correction. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
• Neutral Sentiment: Longer-term demand for gold is still being supported by safe-haven interest, but that positive backdrop is being offset in the short run by higher rates and dollar strength. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
• Negative Sentiment: Gold prices fell as the dollar strengthened and Treasury yields moved higher, hurting demand for gold as a non-yielding asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
• Negative Sentiment: Several reports describe a broad sell-off in precious metals, with gold breaking key support and silver also sliding, reinforcing bearish momentum in the sector. Gold and silver slammed as Iran war fuels inflation and rate hike fears
• Negative Sentiment: Technical analysis points to a bearish breakdown in gold, with downside risk toward a deeper support zone if selling continues. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support

iShares Gold Trust Trading Down 2.3%

Shares of NYSEARCA:IAU opened at $85.51 on Friday. The firm has a 50 day simple moving average of $89.23 and a 200-day simple moving average of $86.62. iShares Gold Trust has a twelve month low of $59.71 and a twelve month high of $104.40. The company has a market capitalization of $72.80 billion, a PE ratio of 5.53 and a beta of 0.16.

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).