iShares Gold Trust $IAU Stock Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. increased its position in iShares Gold Trust (NYSEARCA:IAU) by 1,084.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 106,035 shares of the exchange traded fund’s stock after acquiring an additional 97,082 shares during the period. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $8,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Dunhill Financial LLC lifted its stake in iShares Gold Trust by 72.9% in the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 159 shares during the last quarter. Harborfront Financial Group LLC bought a new stake in iShares Gold Trust in the second quarter worth approximately $28,000. Gold Investment Management Ltd. bought a new stake in iShares Gold Trust in the second quarter worth approximately $32,000. Hickory Point Bank & Trust increased its stake in shares of iShares Gold Trust by 171.6% during the 3rd quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Bangor Savings Bank increased its stake in shares of iShares Gold Trust by 81.0% during the 3rd quarter. Bangor Savings Bank now owns 447 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.3%

iShares Gold Trust stock opened at $75.57 on Friday. The company has a market capitalization of $59.59 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm’s fifty day simple moving average is $80.32 and its 200-day simple moving average is $84.69. iShares Gold Trust has a 1-year low of $74.00 and a 1-year high of $104.40.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Investors purchased a large volume of call options on IAU, signaling that some traders are positioning for a potential rebound in gold. Traders Buy Large Volume of Call Options on iShares Gold Trust

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).