Wealth Alliance LLC Sells 46,463 Shares of iShares Gold Trust $IAU

Wealth Alliance LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 31.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,021 shares of the exchange traded fund’s stock after selling 46,463 shares during the quarter. iShares Gold Trust comprises 0.9% of Wealth Alliance LLC’s portfolio, making the stock its 18th largest position. Wealth Alliance LLC’s holdings in iShares Gold Trust were worth $8,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Schmidt P J Investment Management Inc. boosted its position in shares of iShares Gold Trust by 1.1% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares in the last quarter. Foster Group Inc. raised its stake in 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 valued at $416,000 after buying an additional 120 shares during the last quarter. Haverford Trust Co raised its stake in iShares Gold Trust by 3.4% during the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 120 shares during the last quarter. Evolution Wealth Management Inc. raised its stake in iShares Gold Trust by 40.3% during the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 124 shares during the last quarter. Finally, Brooks Moore & Associates Inc. boosted its holdings in iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after acquiring an additional 125 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: Gold held critical support near $4,000 for the fifth straight week, which analysts say could mark an inflection point for a bullish turn. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a fresh two-year high as lower prices boosted demand in the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold rebounded as Treasury yields eased and oil prices pulled back, both of which can improve the appeal of non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Neutral Sentiment: Several reports say gold is still stuck in a consolidation range, with strong U.S. economic data and firm yields limiting a sustained breakout. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Neutral Sentiment: BlackRock’s Koesterich said investors should still keep a modest gold allocation, even though near-term downside risks remain. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Negative Sentiment: Gold also faced pressure from higher Treasury yields, a firmer U.S. dollar, and resilient labor-market data, which have recently capped rebounds. Gold holds above $4,020 as Fed-rate risk caps rebound – Kitco AM Report

iShares Gold Trust Trading Up 0.1%

NYSEARCA IAU opened at $76.23 on Friday. iShares Gold Trust has a 12 month low of $61.60 and a 12 month high of $104.40. The stock has a market cap of $62.96 billion, a P/E ratio of 5.53 and a beta of 0.18. The stock’s fifty day moving average price is $79.55 and its 200-day moving average price is $86.83.

About iShares Gold Trust

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).