8,328 iShares Gold Trust $IAU Shares Acquired by Kure Advisory LLC

Kure Advisory LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 9.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 96,080 shares of the exchange traded fund’s stock after acquiring an additional 8,328 shares during the quarter. iShares Gold Trust makes up approximately 3.5% of Kure Advisory LLC’s holdings, making the stock its 9th biggest holding. Kure Advisory LLC’s holdings in iShares Gold Trust were worth $7,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Evolution Wealth Management Inc. raised its stake in iShares Gold Trust by 40.3% during the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 124 shares in the last quarter. Brooks Moore & Associates Inc. boosted its stake in shares of iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after purchasing an additional 125 shares in the last quarter. SmartHarvest Portfolios LLC boosted its stake in shares of iShares Gold Trust by 2.0% in the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 129 shares in the last quarter. Retirement Wealth Solutions LLC boosted its stake in shares of iShares Gold Trust by 2.4% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock valued at $465,000 after purchasing an additional 145 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of iShares Gold Trust by 2.6% during the 1st quarter. Fulton Bank N.A. now owns 5,742 shares of the exchange traded fund’s stock valued at $506,000 after purchasing an additional 147 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Summary

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 Price Performance

IAU stock traded up $0.60 during trading on Thursday, reaching $77.66. 3,212,084 shares of the company were exchanged, compared to its average volume of 9,335,368. The company has a 50-day moving average of $81.48 and a two-hundred day moving average of $82.34. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $73.74 and a twelve 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).