iShares Gold Trust $IAU Shares Sold by Bfsg LLC

Bfsg LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 385,297 shares of the exchange traded fund’s stock after selling 12,672 shares during the quarter. iShares Gold Trust comprises 2.6% of Bfsg LLC’s portfolio, making the stock its 4th largest position. Bfsg LLC’s holdings in iShares Gold Trust were worth $30,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jmac Enterprises LLC increased its position in iShares Gold Trust by 3.4% during the 3rd quarter. Jmac Enterprises LLC now owns 102,790 shares of the exchange traded fund’s stock valued at $8,028,000 after buying an additional 3,375 shares in the last quarter. SFI Advisors LLC purchased a new position in iShares Gold Trust during the third quarter valued at $527,000. Team Financial Group LLC bought a new stake in iShares Gold Trust in the third quarter worth $27,000. Provenance Wealth Advisors LLC boosted its holdings in iShares Gold Trust by 15.6% in the third quarter. Provenance Wealth Advisors LLC now owns 22,971 shares of the exchange traded fund’s stock worth $1,794,000 after acquiring an additional 3,099 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its holdings in iShares Gold Trust by 56.9% in the third quarter. Lyell Wealth Management LP now owns 5,517 shares of the exchange traded fund’s stock worth $431,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 3.7%

NYSEARCA IAU opened at $76.37 on Thursday. iShares Gold Trust has a 12 month low of $72.71 and a 12 month high of $104.40. The stock has a market cap of $60.23 billion, a P/E ratio of 5.53 and a beta of 0.20. The stock’s fifty day moving average price is $79.32 and its 200-day moving average price is $84.44.

More iShares Gold Trust News

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

• Positive Sentiment: Gold rebounded above $4,000 an ounce after Democratic midterm victories coincided with a weaker U.S. dollar and lower Treasury yields, improving demand for precious metals. This is the main near-term supportive catalyst for IAU. Gold climbs above $4,000, Wall Street rallies as Dems take Congress
• Positive Sentiment: Longer-term support comes from robust central-bank purchases and near-record gold demand, which the World Gold Council says may help offset pressure from elevated rates and bond yields. Gold demand remains near record highs as central bank buying surges
• Neutral Sentiment: After the sharp rebound, gold was flat in early Asian trading, suggesting investors paused to assess the move. The recovery also faces technical resistance, and analysts say it has not yet reversed all the damage from the recent selloff. Gold Flat After Midterm-Linked Rebound
• Negative Sentiment: Resilient U.S. services activity and stronger-than-expected private-sector job growth could sustain inflation and keep the Federal Reserve cautious about easing. Higher real yields or renewed dollar strength may pressure gold and, in turn, IAU. Gold prices holding $4,000 as ADP reports October job growth

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).