Everest Financial Group LLC Acquires 17,551 Shares of iShares Gold Trust $IAU

Everest Financial Group LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,020 shares of the exchange traded fund’s stock after purchasing an additional 17,551 shares during the quarter. Everest Financial Group LLC’s holdings in iShares Gold Trust were worth $6,874,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IAU. Retirement Planning Group LLC increased its holdings in iShares Gold Trust by 0.7% in the third quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock valued at $1,496,000 after purchasing an additional 130 shares during the period. Euro Pacific Asset Management LLC raised its position in iShares Gold Trust by 3.9% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 131 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in iShares Gold Trust by 4.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock worth $291,000 after buying an additional 142 shares during the period. Revolve Wealth Partners LLC lifted its holdings in iShares Gold Trust by 3.8% during the 3rd quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 143 shares during the period. Finally, Retirement Wealth Solutions LLC lifted its holdings in iShares Gold Trust by 2.4% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock worth $465,000 after buying an additional 145 shares during the period. Institutional investors own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

Investors following IAU have been watching these headlines:

• Positive Sentiment: BlackRock’s iShares Investment Strategy head says gold retains support from key sources of demand and can offer portfolio benefits beyond its traditional defensive role, a longer-term positive view despite near-term weakness. Article: BlackRock on gold and silver
• Negative Sentiment: Gold and silver fell sharply in late U.S. trading as Treasury yields and the dollar strengthened, while markets priced in further Fed rate increases. The resulting pressure on bullion is the main near-term headwind for IAU. Article: Gold and silver slide as yields surge
• Negative Sentiment: Hot U.S. inflation data lifted yields and reinforced expectations for tighter monetary policy. Analysts warn gold could face further losses, with one forecast identifying $3,600 as a potential support level if selling continues. Article: Gold faces pressure as real yields climb

iShares Gold Trust Trading Down 2.8%

NYSEARCA IAU opened at $72.79 on Friday. The business’s 50-day moving average price is $78.32 and its two-hundred day moving average price is $83.98. iShares Gold Trust has a 12 month low of $72.37 and a 12 month high of $104.40. The firm has a market capitalization of $57.47 billion, a PE ratio of 5.53 and a beta of 0.20.

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).