Parallel Advisors LLC Acquires 12,736 Shares of iShares Gold Trust $IAU

Parallel Advisors LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 19.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,312 shares of the exchange traded fund’s stock after acquiring an additional 12,736 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Gold Trust were worth $6,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at $76,854,000. Crcm LP lifted its stake in shares of iShares Gold Trust by 73.7% in the 1st quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock valued at $111,125,000 after purchasing an additional 530,148 shares during the period. Eurizon Asset Management Hungary Ltd. bought a new position in shares of iShares Gold Trust in the 1st quarter worth $42,494,000. Hamilton Wealth LLC boosted its position in shares of iShares Gold Trust by 170.8% in the 1st quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock worth $65,431,000 after purchasing an additional 468,115 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of iShares Gold Trust by 1,641.4% in the 1st quarter. Fifth Third Bancorp now owns 380,997 shares of the exchange traded fund’s stock worth $33,589,000 after purchasing an additional 359,118 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8%

Shares of iShares Gold Trust stock opened at $76.38 on Friday. iShares Gold Trust has a 12 month low of $72.71 and a 12 month high of $104.40. The business has a fifty day simple moving average of $78.93 and a 200 day simple moving average of $84.33. The stock has a market cap of $60.23 billion, a PE ratio of 5.53 and a beta of 0.20.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Some investors see the midterm-election outcome and prospective government spending as potentially weakening the U.S. dollar, which could support gold. Central-bank buying and a World Bank outlook for elevated gold prices also offer longer-term support. Dems’ spending plans could weaken the dollar and support gold World Bank sees gold holding above $4,000 through 2028
• Neutral Sentiment: Gold’s breakout may signal that its correction is ending, but a pullback is testing whether former resistance can hold as support. Traders are watching roughly $4,000 as support and $4,200 as resistance; the outcome could set the next direction for IAU. Gold breakout signals potential end to correction
• Negative Sentiment: Stronger-than-expected U.S. payroll growth (165,000 jobs) lifted the dollar and renewed concerns that the Federal Reserve may keep rates higher or raise them in December. Higher real yields increase the opportunity cost of holding non-yielding gold, pressuring bullion and IAU; a break below $4,000 could deepen the decline. Gold faces risk to $4,000 support after strong payrolls

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).