SFI Advisors LLC Makes New $527,000 Investment in iShares Gold Trust $IAU

SFI Advisors LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,752 shares of the exchange traded fund’s stock, valued at approximately $527,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. RFG Advisory LLC raised its holdings in iShares Gold Trust by 35.8% in the second quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after acquiring an additional 10,263 shares in the last quarter. Avestar Capital LLC lifted its stake in iShares Gold Trust by 8.2% in the third quarter. Avestar Capital LLC now owns 154,177 shares of the exchange traded fund’s stock worth $12,041,000 after acquiring an additional 11,672 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in iShares Gold Trust by 70.2% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 32,722 shares of the exchange traded fund’s stock worth $2,556,000 after acquiring an additional 13,497 shares in the last quarter. Wedbush Securities Inc. grew its holdings in iShares Gold Trust by 18.2% during the 2nd quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock worth $4,143,000 after acquiring an additional 8,462 shares in the last quarter. Finally, Contango Wealth Management LLC grew its holdings in iShares Gold Trust by 136.0% during the 1st quarter. Contango Wealth Management LLC now owns 18,787 shares of the exchange traded fund’s stock worth $1,656,000 after acquiring an additional 10,826 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about iShares Gold Trust

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 Trading Up 3.7%

iShares Gold Trust stock opened at $76.37 on Thursday. The stock has a market cap of $60.23 billion, a P/E ratio of 5.53 and a beta of 0.20. The company has a fifty day simple moving average of $79.32 and a 200-day simple moving average of $84.44. iShares Gold Trust has a 12-month low of $72.71 and a 12-month high of $104.40.

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).