Addison Capital Co Buys New Shares in iShares Gold Trust $IAU

Addison Capital Co purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,212 shares of the exchange traded fund’s stock, valued at approximately $1,694,000.

Other large investors also recently modified their holdings of the company. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at about $26,000. Fairway Wealth LLC boosted 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 valued at $26,000 after purchasing an additional 252 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the fourth quarter valued at approximately $25,000. Rossby Financial LCC grew its stake in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Finally, Monetary Solutions Ltd bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $26,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 1.2%

NYSEARCA:IAU opened at $77.37 on Wednesday. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The firm has a market capitalization of $63.90 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The stock’s 50 day moving average price is $82.46 and its two-hundred day moving average price is $87.45.

More iShares Gold Trust News

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

• Positive Sentiment: China’s central bank added 15 tonnes of gold reserves in June, reinforcing the view that official-sector buying remains a major support for the gold market. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Several forecasts and analyst notes said the recent pullback may be a consolidation phase rather than the end of the longer-term bull market, with some still projecting materially higher gold prices later this year. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Neutral Sentiment: Gold is attempting to stabilize and reclaim short-term trend indicators, but analysts say the next move depends on whether it can clear nearby resistance levels. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold has also been supported at times by weaker labor data and expectations that the Federal Reserve may be less aggressive, though upcoming policy signals remain a key risk factor. Gold and Silver Price Forecast: Fed Minutes Put Breakout Levels in Focus
• Negative Sentiment: Gold has faced selling pressure as Treasury yields rose and traders waited for Fed minutes, limiting enthusiasm for the metal in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
• Negative Sentiment: Technical reports noted that gold continues to struggle near major resistance around the $4,200 area, suggesting the rally may remain choppy until buyers regain control. Gold price continues to struggle as U.S. ISM Services PMI falls to 54

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).