Bellwether Advisors LLC Acquires Shares of 79,766 iShares Gold Trust $IAU

Bellwether 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 filing with the Securities & Exchange Commission. The firm bought 79,766 shares of the exchange traded fund’s stock, valued at approximately $7,032,000. iShares Gold Trust accounts for 1.2% of Bellwether Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in iShares Gold Trust by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,295,573 shares of the exchange traded fund’s stock worth $114,218,000 after buying an additional 34,076 shares during the period. HORAN Wealth LLC raised its holdings in iShares Gold Trust by 94.3% during the 1st quarter. HORAN Wealth LLC now owns 30,471 shares of the exchange traded fund’s stock valued at $2,686,000 after acquiring an additional 14,786 shares during the period. Glenview Trust Co lifted its position in shares of iShares Gold Trust by 66.5% during the first quarter. Glenview Trust Co now owns 24,824 shares of the exchange traded fund’s stock worth $2,188,000 after acquiring an additional 9,911 shares in the last quarter. Florida Financial Advisors LLC lifted its position in shares of iShares Gold Trust by 172.3% during the first quarter. Florida Financial Advisors LLC now owns 27,748 shares of the exchange traded fund’s stock worth $2,446,000 after acquiring an additional 17,557 shares in the last quarter. Finally, Grant Street Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 901.1% in the first quarter. Grant Street Asset Management Inc. now owns 34,246 shares of the exchange traded fund’s stock worth $3,019,000 after acquiring an additional 30,825 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

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 Price Performance

iShares Gold Trust stock opened at $76.82 on Wednesday. The firm has a market capitalization of $63.45 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40. The business has a fifty day moving average price of $80.18 and a 200-day moving average price of $86.97.

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).