iShares Gold Trust $IAU Shares Acquired by Principia Wealth Advisory LLC

Principia Wealth Advisory LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 28.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,189 shares of the exchange traded fund’s stock after purchasing an additional 13,902 shares during the quarter. iShares Gold Trust comprises approximately 1.0% of Principia Wealth Advisory LLC’s portfolio, making the stock its 11th biggest position. Principia Wealth Advisory LLC’s holdings in iShares Gold Trust were worth $4,696,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Merkkuri Wealth Advisors LLC purchased a new position in iShares Gold Trust in the 1st quarter valued at $26,000. Fairway Wealth LLC raised its position 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 buying an additional 252 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $25,000. Rossby Financial LCC lifted its stake in shares of iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the period. Finally, Monetary Solutions Ltd acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $26,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold has found some support after the initial selloff, with investors continuing to view the metal as a strategic allocation amid rising government debt, inflation concerns and instability in global bond markets. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Gold ETF demand could remain resilient despite higher yields because of inflation, fiscal and currency risks, while central banks continue accumulating bullion. The World Gold Council reported 23 net tonnes of central-bank purchases in July, led by China and Poland. Why Gold ETFs Could Keep Shining Despite Higher Rates
• Positive Sentiment: European reserve-management changes and geopolitical tensions are reinforcing gold’s appeal as a crisis asset. The Netherlands moved roughly 86 tons of gold from North America to London to improve crisis preparedness. Dutch central bank moves gold bars out of U.S. and Canada

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $83.39 on Monday. iShares Gold Trust has a fifty-two week low of $67.35 and a fifty-two week high of $104.40. The firm’s 50-day simple moving average is $79.73 and its 200-day simple moving average is $84.89. The company has a market cap of $68.87 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19.

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).