Compass Financial Group Inc. Ohio Buys Shares of 7,610 iShares Gold Trust $IAU

Compass Financial Group Inc. Ohio acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, Holdings Channel reports. The fund acquired 7,610 shares of the exchange traded fund’s stock, valued at approximately $618,000.

A number of other institutional investors have also recently bought and sold shares of IAU. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in iShares Gold Trust during the 4th quarter worth $26,000. Rossby Financial LCC raised its stake in iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares during the period. Gables Capital Management Inc. raised its stake in iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 225 shares during the period. Finally, Motiv8 Investments LLC bought a new position in iShares Gold Trust during the fourth quarter worth about $29,000. 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:

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $79.33 on Friday. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The stock has a market cap of $67.54 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a 50-day moving average price of $85.56 and a two-hundred day moving average price of $87.67.

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).