Diversify Advisory Services LLC Buys 13,575 Shares of iShares Gold Trust $IAU

Diversify Advisory Services LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 138,055 shares of the exchange traded fund’s stock after buying an additional 13,575 shares during the quarter. Diversify Advisory Services LLC’s holdings in iShares Gold Trust were worth $10,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Rare Wolf Capital LLC raised its stake in shares of iShares Gold Trust by 29.5% in the 3rd quarter. Rare Wolf Capital LLC now owns 6,812 shares of the exchange traded fund’s stock worth $532,000 after buying an additional 1,552 shares in the last quarter. Robinson Value Management Ltd. lifted its holdings in shares of iShares Gold Trust by 6.4% in the third quarter. Robinson Value Management Ltd. now owns 53,398 shares of the exchange traded fund’s stock valued at $4,170,000 after buying an additional 3,235 shares during the period. Revisor Wealth Management LLC bought a new position in iShares Gold Trust during the third quarter valued at about $594,000. 55 North Private Wealth LLC boosted its stake in iShares Gold Trust by 30.1% during the third quarter. 55 North Private Wealth LLC now owns 5,036 shares of the exchange traded fund’s stock valued at $393,000 after buying an additional 1,166 shares in the last quarter. Finally, Net Worth Advisory Group bought a new position in iShares Gold Trust during the third quarter valued at about $220,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.5%

NYSEARCA:IAU opened at $77.44 on Wednesday. The business’s 50-day moving average price is $81.27 and its 200 day moving average price is $81.95. The firm has a market cap of $61.07 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52-week low of $73.74 and a 52-week high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Longer-term demand remains supportive. The World Gold Council estimates that tokenized gold could eventually unlock as much as $700 billion in new investment demand, potentially broadening gold ownership and liquidity. Tokenized gold could unlock $700 billion new demand
• Positive Sentiment: Technical analysts identify potential upside if gold can break above approximately $4,217-$4,260, with one forecast projecting a possible move toward $4,820. Continued central-bank buying is also cited as a longer-term support, despite near-term rate pressure. Gold $4,217 breakout forecast
• Neutral Sentiment: Gold is trading within a broad range, with support near $4,000-$4,119 and resistance around $4,217-$4,260. A sustained defense of support could stabilize IAU, while a break below it would worsen the technical outlook. Gold tests major demand zone
• Negative Sentiment: Gold remained weak even after U.S. housing starts fell 5.2% and pending home sales dropped 7.3%, indicating that safe-haven demand is not currently offsetting macroeconomic headwinds. Gold struggles despite falling pending home sales
• Negative Sentiment: Markets are assigning a high probability to a December Fed rate hike. Higher yields, inflation concerns, a firmer dollar and stronger oil prices are weighing on bullion and, by extension, IAU. December hike bets pressure gold
• Negative Sentiment: CIBC lowered its near-term gold forecasts, reinforcing concerns about limited upside in the current environment, although it still expects central-bank demand to support a longer-term recovery. CIBC lowers gold forecasts

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).