Wealth Watch Advisors INC Has $4.58 Million Stock Position in iShares Gold Trust $IAU

Wealth Watch Advisors INC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 24.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,921 shares of the exchange traded fund’s stock after acquiring an additional 10,236 shares during the period. iShares Gold Trust accounts for about 1.9% of Wealth Watch Advisors INC’s holdings, making the stock its 13th biggest position. Wealth Watch Advisors INC’s holdings in iShares Gold Trust were worth $4,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at about $25,000. Monetary Solutions Ltd bought a new position in iShares Gold Trust in the 4th quarter valued at about $26,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares Gold Trust during the 1st quarter valued at about $26,000. Fairway Wealth LLC increased its holdings in iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. Finally, Rossby Financial LCC raised its stake in shares of iShares Gold Trust by 75.7% in 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.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold held critical support near $4,000 for the fifth straight week, which analysts say could mark an inflection point for a bullish turn. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a fresh two-year high as lower prices boosted demand in the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold rebounded as Treasury yields eased and oil prices pulled back, both of which can improve the appeal of non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Neutral Sentiment: Several reports say gold is still stuck in a consolidation range, with strong U.S. economic data and firm yields limiting a sustained breakout. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Neutral Sentiment: BlackRock’s Koesterich said investors should still keep a modest gold allocation, even though near-term downside risks remain. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Negative Sentiment: Gold also faced pressure from higher Treasury yields, a firmer U.S. dollar, and resilient labor-market data, which have recently capped rebounds. Gold holds above $4,020 as Fed-rate risk caps rebound – Kitco AM Report

iShares Gold Trust Price Performance

IAU stock opened at $76.23 on Monday. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The stock’s 50 day moving average is $79.55 and its 200-day moving average is $86.85. The firm has a market capitalization of $62.96 billion, a PE ratio of 5.53 and a beta of 0.18.

iShares Gold Trust Company 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).