Rose Capital Advisors LLC Invests $1.22 Million in iShares Gold Trust $IAU

Rose Capital Advisors LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,164 shares of the exchange traded fund’s stock, valued at approximately $1,221,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. lifted its stake in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after acquiring an additional 1,019,135 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $76,854,000. Orion Porfolio Solutions LLC raised its holdings in shares of iShares Gold Trust by 503.7% in the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after purchasing an additional 776,215 shares during the last quarter. Finally, VCU Investment Management Co acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $61,835,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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 Stock Down 0.8%

Shares of IAU stock opened at $83.39 on Friday. The company’s fifty day simple moving average is $79.73 and its 200-day simple moving average is $84.96. The firm has a market cap of $68.87 billion, a PE ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 12 month low of $67.35 and a 12 month high of $104.40.

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).