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

Resources Management Corp CT ADV decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 98.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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.

Several other hedge funds also recently modified their holdings of IAU. Wills Financial Group LLC lifted its holdings in iShares Gold Trust by 9.8% during the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after buying an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new position in iShares Gold Trust during the 4th quarter worth about $1,725,000. Allianz SE lifted its holdings in 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 worth $86,351,000 after buying an additional 32,341 shares during the period. Advisory Services Network LLC lifted its holdings in 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 worth $15,081,000 after buying an additional 35,018 shares during the period. Finally, South Shore Capital Advisors acquired a new position in iShares Gold Trust during the 4th quarter worth about $858,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key iShares Gold Trust News

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 Trading Up 2.6%

Shares of IAU opened at $81.26 on Tuesday. The company has a market capitalization of $69.18 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. The stock’s 50-day moving average price is $86.23 and its two-hundred day moving average price is $87.70.

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).