Personal CFO Solutions LLC Acquires Shares of 6,997 iShares Gold Trust $IAU

Personal CFO Solutions LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 6,997 shares of the exchange traded fund’s stock, valued at approximately $617,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IAU. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $25,000. Monetary Solutions Ltd acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $26,000. Fairway Wealth LLC lifted its position in 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 purchasing an additional 252 shares during the period. Finally, Rossby Financial LCC lifted 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 purchasing an additional 140 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $77.51 on Friday. The stock has a fifty day moving average of $82.05 and a 200-day moving average of $87.39. iShares Gold Trust has a 52 week low of $61.60 and a 52 week high of $104.40. The stock has a market capitalization of $64.02 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold rebounded above $4,100/oz as Middle East tensions, safe-haven demand, and better-than-expected jobless claims supported prices. Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k
• Positive Sentiment: Analysts say gold still belongs in portfolios, and that recent weakness may be a buying opportunity as long-term commodity demand stays intact. Gold still belongs in portfolios, but AI and the green transition are creating bigger opportunities elsewhere in commodities – FTSE Russell
• Positive Sentiment: Some strategists view the recent gold selloff as a pause in a secular bull market, noting that bullion and miners may be undervalued after the pullback. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
• Neutral Sentiment: Gold may stay rangebound through the summer if hawkish Fed policy, firm Treasury yields, and a strong dollar continue to cap upside. Gold prices will be rangebound through the summer – Metals Focus
• Neutral Sentiment: Technical traders say gold is trying to reverse higher, but confirmation still depends on reclaiming key resistance levels. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Hawkish Fed minutes, higher yields, and rising oil prices have pressured gold at times this week, showing that macro headwinds are still in play. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
• Negative Sentiment: ETF outflows and fears of a prolonged “death cross” suggest some investors are still reducing gold exposure. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation

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).