482,015 Shares in iShares Gold Trust $IAU Acquired by Eurizon Asset Management Hungary Ltd.

Eurizon Asset Management Hungary Ltd. bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 482,015 shares of the exchange traded fund’s stock, valued at approximately $42,494,000. iShares Gold Trust comprises approximately 45.6% of Eurizon Asset Management Hungary Ltd.’s portfolio, making the stock its largest holding. Eurizon Asset Management Hungary Ltd. owned 0.06% of iShares Gold Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $26,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares Gold Trust during the 1st quarter worth $26,000. Fairway Wealth LLC grew its stake 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. Finally, Rossby Financial LCC increased its position 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 valued at $26,000 after buying an additional 140 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $75.50 on Monday. The stock has a 50-day moving average of $80.69 and a two-hundred day moving average of $87.04. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40. The stock has a market cap of $62.36 billion, a PE ratio of 5.53 and a beta of 0.18.

iShares Gold Trust News Roundup

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

• Neutral Sentiment: Gold is trying to hold the $4,000 level after a sharp pullback, with next week likely to determine whether that area becomes a firm support zone or gives way to more downside. Markets will find out next week how firm $4,000 is as a floor for gold
• Neutral Sentiment: Fresh U.S. data, including better consumer sentiment and stronger housing starts, has eased some recession fears and reduced the immediate safe-haven bid for gold. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Negative Sentiment: Technical analysts say bearish momentum is building, with gold breaking trend support and key downside levels now in focus. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Rising Treasury yields and a stronger U.S. dollar have been repeatedly cited as headwinds for gold, pressuring prices below the key $4,000 mark. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report

iShares Gold Trust Company 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).