Compass Financial Group Inc. Ohio Purchases New Holdings in iShares Gold Trust $IAU

Compass Financial Group Inc. Ohio acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,610 shares of the exchange traded fund’s stock, valued at approximately $618,000.

Other large investors have also recently bought and sold shares of the company. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in iShares Gold Trust in the fourth quarter worth about $26,000. Rossby Financial LCC raised its holdings in iShares Gold Trust by 75.7% during the 4th 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. Gables Capital Management Inc. raised its holdings in iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in iShares Gold Trust during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key iShares Gold Trust News

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

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $79.33 on Friday. The company has a market cap of $67.54 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The company’s 50-day moving average is $85.56 and its two-hundred day moving average is $87.67.

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).