iShares Gold Trust $IAU Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,314 shares of the exchange traded fund’s stock after acquiring an additional 60,217 shares during the quarter. TD Waterhouse Canada Inc. owned 0.06% of iShares Gold Trust worth $39,298,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth approximately $25,000. Rossby Financial LCC boosted its position in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 140 shares during the period. Monetary Solutions Ltd purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the first quarter worth $26,000. Finally, Fairway Wealth LLC grew its stake in shares of iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 252 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

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 Trading Down 0.8%

iShares Gold Trust stock opened at $83.39 on Friday. iShares Gold Trust has a twelve month low of $67.35 and a twelve month high of $104.40. The stock’s fifty day simple moving average is $79.73 and its 200-day simple moving average is $84.96. The firm has a market capitalization of $68.87 billion, a P/E ratio of 5.53 and a beta of 0.19.

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).