D.A. Davidson & CO. Purchases 8,174 Shares of iShares Gold Trust $IAU

D.A. Davidson & CO. raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 12.8% in the 1st quarter, HoldingsChannel reports. The fund owned 72,213 shares of the exchange traded fund’s stock after acquiring an additional 8,174 shares during the period. D.A. Davidson & CO.’s holdings in iShares Gold Trust were worth $6,366,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new stake in iShares Gold Trust during the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust during the first quarter worth $26,000. Fairway Wealth LLC increased its position in shares of iShares Gold Trust by 525.0% during 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 during the period. Finally, Rossby Financial LCC raised 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 worth $26,000 after buying an additional 140 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $75.50 on Friday. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business’s 50-day moving average is $80.69 and its 200-day moving average is $87.01. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40.

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).