16,164 Shares in iShares Gold Trust $IAU Bought by Rose Capital Advisors LLC

Rose Capital Advisors LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 16,164 shares of the exchange traded fund’s stock, valued at approximately $1,221,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $25,000. Monetary Solutions Ltd acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares Gold Trust during the 1st quarter worth approximately $26,000. Fairway Wealth LLC increased its stake in iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. Finally, Rossby Financial LCC raised its holdings in iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold has found some support after the initial selloff, with investors continuing to view the metal as a strategic allocation amid rising government debt, inflation concerns and instability in global bond markets. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Gold ETF demand could remain resilient despite higher yields because of inflation, fiscal and currency risks, while central banks continue accumulating bullion. The World Gold Council reported 23 net tonnes of central-bank purchases in July, led by China and Poland. Why Gold ETFs Could Keep Shining Despite Higher Rates
• Positive Sentiment: European reserve-management changes and geopolitical tensions are reinforcing gold’s appeal as a crisis asset. The Netherlands moved roughly 86 tons of gold from North America to London to improve crisis preparedness. Dutch central bank moves gold bars out of U.S. and Canada

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $83.39 on Friday. iShares Gold Trust has a 52 week low of $67.35 and a 52 week high of $104.40. The company’s 50 day moving average price is $79.73 and its two-hundred day moving average price is $84.96. The company has a market capitalization of $68.87 billion, a P/E ratio of 5.53 and a beta of 0.19.

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).