35,984 iShares Gold Trust $IAU Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 12.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 335,926 shares of the exchange traded fund’s stock after purchasing an additional 35,984 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Gold Trust were worth $26,236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in iShares Gold Trust by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after purchasing an additional 260,541 shares during the last quarter. BlackRock Inc. increased its stake in shares of iShares Gold Trust by 1.3% in the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after purchasing an additional 109,246 shares in the last quarter. Captrust Financial Advisors raised its position in shares of iShares Gold Trust by 0.5% in the fourth quarter. Captrust Financial Advisors now owns 2,410,855 shares of the exchange traded fund’s stock valued at $195,689,000 after purchasing an additional 11,014 shares during the period. Proficio Capital Partners LLC raised its position in shares of iShares Gold Trust by 5.7% in the second quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock valued at $165,455,000 after purchasing an additional 118,328 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of iShares Gold Trust by 4.9% during the 4th quarter. MML Investors Services LLC now owns 2,106,672 shares of the exchange traded fund’s stock valued at $170,999,000 after buying an additional 98,324 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold is finding support as Treasury yields pull back and the U.S. dollar weakens, improving the appeal of non-yielding bullion and supporting IAU. Gold, Silver, Platinum Forecasts – Gold Attempts To Rebound as Treasury Yields Pull Back
• Positive Sentiment: Sprott’s Kenny Zhu said gold’s ability to hold its trading range and attract fresh ETF inflows despite elevated bond yields signals underlying demand. He also cited central banks’ continued shift away from dollar assets as a longer-term bullish factor. Gold Gains Ground as Central Banks Retreat from Dollar Assets and Inflation Undermines Bonds
• Positive Sentiment: China’s central bank added 21 tonnes of gold in September, its largest monthly purchase in three years and the 23rd consecutive month of reserve increases. Continued official-sector buying provides structural support for bullion and IAU. China’s Central Bank Buys 21 Tonnes of Gold in September
• Neutral Sentiment: Gold is testing major technical support near $4,100-$4,103. A double bottom or bullish wedge breakout could trigger a recovery, while a decisive breach would signal additional downside risk for IAU. Gold Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Federal Reserve signals that another rate increase remains possible, while stronger-than-expected jobless-claims data reinforces the case for higher-for-longer rates. Rising yields and a stronger dollar increase the opportunity cost of holding gold. Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike
• Negative Sentiment: Recent reports describe a deepening correction, with gold pressured by elevated rates, a firm dollar and resistance near-term. Failure of the $4,100 support zone could weigh on IAU. Gold and Silver Price Forecast: Fed Minutes Weigh

iShares Gold Trust Trading Up 0.8%

Shares of IAU stock traded up $0.60 during trading on Thursday, reaching $77.66. 3,212,084 shares of the company’s stock traded hands, compared to its average volume of 9,335,368. The firm’s 50-day moving average is $81.47 and its 200 day moving average is $82.39. The company has a market capitalization of $61.24 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1 year low of $73.74 and a 1 year high of $104.40.

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).