27,947 Shares in iShares Gold Trust $IAU Bought by Scarborough Advisors LLC

Scarborough Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 27,947 shares of the exchange traded fund’s stock, valued at approximately $2,464,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Godfrey Financial Associates Inc. acquired a new stake in iShares Gold Trust in the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd acquired a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $26,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $26,000. Fairway Wealth LLC boosted its position in shares of iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 252 shares during the period. Finally, Rossby Financial LCC grew its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

More iShares Gold Trust News

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

• Neutral Sentiment: Gold is trying to hold the $4,000 level after a sharp pullback, with next week likely to determine whether that area becomes a firm support zone or gives way to more downside. Markets will find out next week how firm $4,000 is as a floor for gold
• Neutral Sentiment: Fresh U.S. data, including better consumer sentiment and stronger housing starts, has eased some recession fears and reduced the immediate safe-haven bid for gold. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Negative Sentiment: Technical analysts say bearish momentum is building, with gold breaking trend support and key downside levels now in focus. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Rising Treasury yields and a stronger U.S. dollar have been repeatedly cited as headwinds for gold, pressuring prices below the key $4,000 mark. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $75.50 on Monday. The firm has a market capitalization of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The firm’s fifty day simple moving average is $80.69 and its 200 day simple moving average is $87.04.

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).