6,752 Shares in iShares Gold Trust $IAU Purchased by SFI Advisors LLC

SFI Advisors LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, HoldingsChannel reports. The fund acquired 6,752 shares of the exchange traded fund’s stock, valued at approximately $527,000.

Other institutional investors also recently bought and sold shares of the company. Team Financial Group LLC purchased a new stake in iShares Gold Trust in the 3rd quarter valued at approximately $27,000. Harborfront Financial Group LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth $28,000. Dunhill Financial LLC increased its holdings in shares of iShares Gold Trust by 72.9% in the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Gold Investment Management Ltd. purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $32,000. Finally, Hickory Point Bank & Trust lifted its stake in shares of iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 3.7%

Shares of iShares Gold Trust stock opened at $76.37 on Thursday. iShares Gold Trust has a 12-month low of $72.71 and a 12-month high of $104.40. The stock has a market cap of $60.23 billion, a PE ratio of 5.53 and a beta of 0.20. The company has a 50-day moving average of $79.32 and a two-hundred day moving average of $84.44.

More iShares Gold Trust News

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

• Positive Sentiment: Gold rebounded above $4,000 an ounce after Democratic midterm victories coincided with a weaker U.S. dollar and lower Treasury yields, improving demand for precious metals. This is the main near-term supportive catalyst for IAU. Gold climbs above $4,000, Wall Street rallies as Dems take Congress
• Positive Sentiment: Longer-term support comes from robust central-bank purchases and near-record gold demand, which the World Gold Council says may help offset pressure from elevated rates and bond yields. Gold demand remains near record highs as central bank buying surges
• Neutral Sentiment: After the sharp rebound, gold was flat in early Asian trading, suggesting investors paused to assess the move. The recovery also faces technical resistance, and analysts say it has not yet reversed all the damage from the recent selloff. Gold Flat After Midterm-Linked Rebound
• Negative Sentiment: Resilient U.S. services activity and stronger-than-expected private-sector job growth could sustain inflation and keep the Federal Reserve cautious about easing. Higher real yields or renewed dollar strength may pressure gold and, in turn, IAU. Gold prices holding $4,000 as ADP reports October job growth

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).