iShares Gold Trust $IAU Shares Bought by Principia Wealth Advisory LLC

Principia Wealth Advisory LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 28.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,189 shares of the exchange traded fund’s stock after purchasing an additional 13,902 shares during the period. iShares Gold Trust makes up about 1.0% of Principia Wealth Advisory LLC’s holdings, making the stock its 11th largest position. Principia Wealth Advisory LLC’s holdings in iShares Gold Trust were worth $4,696,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IAU. Brighton Jones LLC purchased a new stake in iShares Gold Trust during the fourth quarter worth $1,864,000. Bison Wealth LLC increased its position in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares in the last quarter. AQR Capital Management LLC increased its position in shares of iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after buying an additional 8,609 shares in the last quarter. Glenview Trust co raised its stake in shares of iShares Gold Trust by 9.7% during the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after buying an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of iShares Gold Trust by 6.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 2,172 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $83.39 on Monday. The firm has a market capitalization of $68.87 billion, a PE ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 52 week low of $67.35 and a 52 week high of $104.40. The firm’s 50-day simple moving average is $79.73 and its 200 day simple moving average is $84.89.

Key Stories Impacting iShares Gold Trust

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 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).