TD Waterhouse Canada Inc. Boosts Stock Position in iShares Gold Trust $IAU

TD Waterhouse Canada Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 13.2% during the second quarter, HoldingsChannel reports. The fund owned 517,314 shares of the exchange traded fund’s stock after purchasing an additional 60,217 shares during the period. TD Waterhouse Canada Inc.’s holdings in iShares Gold Trust were worth $39,298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IAU. Brighton Jones LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter worth about $1,864,000. Bison Wealth LLC boosted its holdings in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares during the period. AQR Capital Management LLC boosted its holdings in shares of iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after acquiring an additional 8,609 shares during the period. Glenview Trust co grew its position in shares of iShares Gold Trust by 9.7% during the second quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in shares of iShares Gold Trust by 6.3% during the second quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 2,172 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

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

Key Stories Impacting iShares Gold Trust

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 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).