ONE Advisory Partners LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 72.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,647 shares of the exchange traded fund’s stock after selling 30,664 shares during the quarter. ONE Advisory Partners LLC’s holdings in iShares Gold Trust were worth $910,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Christensen King & Associates Investment Services Inc. increased its position in iShares Gold Trust by 3.8% during the third quarter. Christensen King & Associates Investment Services Inc. now owns 5,409 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 200 shares during the period. New Harbor Financial Group LLC raised its stake in iShares Gold Trust by 72.6% in the 3rd quarter. New Harbor Financial Group LLC now owns 234,039 shares of the exchange traded fund’s stock worth $18,278,000 after purchasing an additional 98,418 shares in the last quarter. Lake Street Private Wealth LLC boosted its holdings in iShares Gold Trust by 5.9% in the 3rd quarter. Lake Street Private Wealth LLC now owns 7,268 shares of the exchange traded fund’s stock valued at $568,000 after purchasing an additional 407 shares during the period. Sepio Capital LP boosted its holdings in iShares Gold Trust by 2.6% in the 3rd quarter. Sepio Capital LP now owns 79,908 shares of the exchange traded fund’s stock valued at $6,241,000 after purchasing an additional 2,000 shares during the period. Finally, Sharkey Howes & Javer boosted its holdings in iShares Gold Trust by 2.3% in the 3rd quarter. Sharkey Howes & Javer now owns 106,294 shares of the exchange traded fund’s stock valued at $8,302,000 after purchasing an additional 2,423 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 0.7%
Shares of NYSEARCA:IAU traded down $0.51 on Friday, reaching $75.15. 4,172,091 shares of the company’s stock were exchanged, compared to its average volume of 9,072,928. The company has a fifty day moving average of $80.90 and a 200-day moving average of $81.74. iShares Gold Trust has a twelve month low of $73.74 and a twelve month high of $104.40. The company has a market capitalization of $59.26 billion, a price-to-earnings 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:
- Positive Sentiment: Gold received some support from falling Treasury yields, which can reduce the opportunity cost of holding a non-yielding asset. Gold also rebounded from the $4,000 area, suggesting that level is attracting buyers. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
- Positive Sentiment: Inflation expectations increased in the University of Michigan’s October survey, potentially supporting longer-term demand for gold as an inflation hedge. However, consumer sentiment was broadly steady and above expectations. Gold price trades near $4,000/oz after final Consumer Sentiment holds steady
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).
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