Bellwether Advisors LLC Acquires New Holdings in iShares Gold Trust $IAU

Bellwether Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, Holdings Channel reports. The fund bought 79,766 shares of the exchange traded fund’s stock, valued at approximately $7,032,000. iShares Gold Trust comprises 1.2% of Bellwether Advisors LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter valued at $26,000. Fairway Wealth LLC raised 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 worth $26,000 after buying an additional 252 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth $25,000. Rossby Financial LCC boosted its stake in iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 140 shares during the period. Finally, Monetary Solutions Ltd bought a new stake in iShares Gold Trust during the fourth quarter valued at $26,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 2.0%

iShares Gold Trust stock opened at $76.82 on Wednesday. The stock has a market cap of $63.45 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a 50-day simple moving average of $80.18 and a 200 day simple moving average of $86.97. iShares Gold Trust has a 52 week low of $61.60 and a 52 week high of $104.40.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Spot gold and silver surged as short covering and haven buying picked up, with traders shrugging off higher yields and a stronger dollar. Gold rallies as buyers ignore higher yields, oil shock – Kitco PM Report
• Positive Sentiment: Gold broke above key trend resistance, with technical traders watching for a potential breakout if momentum holds near the next resistance zone. Gold (XAU/USD) Price Forecast: Breakout Signals Point to Higher Prices
• Positive Sentiment: Analysts said central bank demand and continued physical buying, especially in Asia, may support gold over the long term. Central bank gold demand has ‘very long runway’ as East/West market split returns – Schroders
• Positive Sentiment: Some market strategists argue gold’s downside is becoming more limited after the recent selloff, while the long-term upside case remains intact. Gold’s risk/reward has flipped in investors’ favor despite rate hike fears, says Wells Fargo’s Samana
• Neutral Sentiment: Some commentary still points to a key tug-of-war: geopolitical risk is supportive, but rising yields, a firm dollar, and higher oil prices continue to cap gold’s upside. Gold rebounds as $4,000 support holds, silver leads metals higher – Kitco AM Report
• Negative Sentiment: Several reports note that higher-for-longer interest-rate expectations, rising Treasury yields, and dollar strength have been weighing on gold recently. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

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).