Arete Wealth Advisors LLC Acquires 18,606 Shares of iShares Gold Trust $IAU

Arete Wealth Advisors LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 127.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,153 shares of the exchange traded fund’s stock after acquiring an additional 18,606 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $2,923,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Leigh Baldwin & CO. LLC lifted its holdings in shares of iShares Gold Trust by 9.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 7,240 shares of the exchange traded fund’s stock worth $638,000 after purchasing an additional 635 shares during the period. Norris Financial Group LLC bought a new stake in shares of iShares Gold Trust in the first quarter worth $20,856,000. Western Wealth Management LLC increased its holdings in iShares Gold Trust by 40.3% in the first quarter. Western Wealth Management LLC now owns 63,089 shares of the exchange traded fund’s stock valued at $5,562,000 after purchasing an additional 18,133 shares during the period. Hamilton Wealth LLC increased its holdings in iShares Gold Trust by 170.8% in the first quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock valued at $65,431,000 after purchasing an additional 468,115 shares during the period. Finally, Alexander Labrunerie & CO. Inc. raised its position in iShares Gold Trust by 384.7% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 16,241 shares of the exchange traded fund’s stock worth $1,432,000 after purchasing an additional 12,890 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.5%

Shares of IAU opened at $76.17 on Friday. The company has a market capitalization of $62.91 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12 month low of $61.99 and a 12 month high of $104.40. The stock’s 50-day moving average price is $78.68 and its two-hundred day moving average price is $86.56.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).