iShares Gold Trust $IAU Shares Acquired by Stableford Capital II LLC

Stableford Capital II LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 56.7% during the third quarter, HoldingsChannel.com reports. The fund owned 72,455 shares of the exchange traded fund’s stock after buying an additional 26,222 shares during the period. iShares Gold Trust accounts for about 1.9% of Stableford Capital II LLC’s holdings, making the stock its 12th largest holding. Stableford Capital II LLC’s holdings in iShares Gold Trust were worth $5,659,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Merkkuri Wealth Advisors LLC acquired a new position in iShares Gold Trust in the first quarter valued at approximately $26,000. Fairway Wealth LLC raised its position in iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 252 shares during the period. Monetary Solutions Ltd purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of iShares Gold Trust during the first quarter valued at about $29,000. Finally, Harborfront Financial Group LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $28,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $77.66 on Friday. The stock has a market capitalization of $61.24 billion, a P/E ratio of 5.53 and a beta of 0.18. The company has a 50 day moving average price of $81.48 and a 200 day moving average price of $82.34. iShares Gold Trust has a fifty-two week low of $73.74 and a fifty-two week high of $104.40.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold’s move above $4,184 and renewed ETF inflows are supportive for IAU, suggesting institutional demand may be returning after the metal’s recent decline. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,184, Can Silver Clear $61.72?
• Positive Sentiment: A weaker dollar and pullback in Treasury yields have improved gold’s appeal by reducing the opportunity cost of holding a non-yielding asset. Gold and Silver Forecast: Softer Dollar Fuels Rebound Despite Fed Hike Risks
• Positive Sentiment: China’s central bank bought 21 tonnes of gold in September, its largest monthly purchase in three years and the 23rd consecutive month of buying. Continued official-sector demand provides a longer-term support for gold and IAU. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: Sprott said central banks’ reduced reliance on dollar assets, inflation concerns and persistent ETF inflows could support gold’s next major move higher despite elevated bond yields. Gold gains ground as central banks retreat from dollar assets and inflation undermines bonds
• Neutral Sentiment: Gold’s technical outlook is mixed: support near $4,103–$4,100 could form a double bottom or bullish wedge, but a break below that area would signal additional downside. Gold (XAU/USD) Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Federal Reserve signals pointing to another potential rate hike, stronger-than-expected jobless-claims data and still-high yields could limit gold’s recovery by supporting the dollar and increasing the appeal of interest-bearing assets. Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike

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).