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

D.A. Davidson & CO. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,213 shares of the exchange traded fund’s stock after purchasing 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 reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of iShares Gold Trust by 1.5% in the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares Gold Trust by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after purchasing an additional 260,541 shares in the last quarter. Citigroup Inc. raised its stake in shares of iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after buying an additional 148,881 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after buying an additional 1,019,135 shares during the last quarter. Institutional investors and hedge funds 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:

• 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 Price Performance

Shares of iShares Gold Trust stock opened at $75.50 on Friday. The business has a fifty day simple moving average of $80.69 and a two-hundred day simple moving average of $87.01. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

About iShares Gold Trust

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).