Wealthfront Advisers LLC Grows Stock Position in iShares Gold Trust $IAU

Wealthfront Advisers LLC grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,081 shares of the exchange traded fund’s stock after purchasing an additional 20,442 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares Gold Trust were worth $5,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in iShares Gold Trust by 12.8% in the 1st quarter. D.A. Davidson & CO. now owns 72,213 shares of the exchange traded fund’s stock valued at $6,366,000 after buying an additional 8,174 shares in the last quarter. Peninsula Asset Management Inc. boosted its position in shares of iShares Gold Trust by 25.0% during the 1st quarter. Peninsula Asset Management Inc. now owns 3,245 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 650 shares during the period. Northstar Financial Companies Inc. grew its stake in shares of iShares Gold Trust by 0.9% in the first quarter. Northstar Financial Companies Inc. now owns 31,994 shares of the exchange traded fund’s stock valued at $2,821,000 after buying an additional 301 shares in the last quarter. Sigma Planning Corp grew its position in iShares Gold Trust by 2.1% in the 1st quarter. Sigma Planning Corp now owns 225,847 shares of the exchange traded fund’s stock valued at $19,911,000 after acquiring an additional 4,742 shares in the last quarter. Finally, 1ST Source Bank acquired a new position in shares of iShares Gold Trust in the first quarter valued at approximately $207,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.9%

iShares Gold Trust stock opened at $75.50 on Friday. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The firm has a market capitalization of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.18. The stock’s fifty day simple moving average is $80.69 and its 200-day simple moving average is $87.01.

Key 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 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).