iShares Gold Trust $IAU Stock: James Investment Research Inc. Decreases Position

James Investment Research Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.4% during the 3rd quarter, Holdings Channel reports. The firm owned 275,181 shares of the exchange traded fund’s stock after selling 6,771 shares during the quarter. iShares Gold Trust comprises about 2.3% of James Investment Research Inc.’s holdings, making the stock its 6th biggest position. James Investment Research Inc.’s holdings in iShares Gold Trust were worth $21,492,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IAU. New Harbor Financial Group LLC raised its stake in shares of iShares Gold Trust by 72.6% during the 3rd quarter. New Harbor Financial Group LLC now owns 234,039 shares of the exchange traded fund’s stock worth $18,278,000 after buying an additional 98,418 shares during the last quarter. Lake Street Private Wealth LLC grew its stake in iShares Gold Trust by 5.9% in the 3rd quarter. Lake Street Private Wealth LLC now owns 7,268 shares of the exchange traded fund’s stock valued at $568,000 after acquiring an additional 407 shares during the last quarter. Sepio Capital LP grew its stake in iShares Gold Trust by 2.6% in the 3rd quarter. Sepio Capital LP now owns 79,908 shares of the exchange traded fund’s stock valued at $6,241,000 after acquiring an additional 2,000 shares during the last quarter. Sharkey Howes & Javer increased its holdings in iShares Gold Trust by 2.3% during the 3rd quarter. Sharkey Howes & Javer now owns 106,294 shares of the exchange traded fund’s stock valued at $8,302,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Howland Capital Management LLC increased its holdings in iShares Gold Trust by 7.3% during the 3rd quarter. Howland Capital Management LLC now owns 63,829 shares of the exchange traded fund’s stock valued at $4,985,000 after acquiring an additional 4,350 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

More iShares Gold Trust News

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

• Positive Sentiment: Gold received some support from falling Treasury yields, which can reduce the opportunity cost of holding a non-yielding asset. Gold also rebounded from the $4,000 area, suggesting that level is attracting buyers. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Inflation expectations increased in the University of Michigan’s October survey, potentially supporting longer-term demand for gold as an inflation hedge. However, consumer sentiment was broadly steady and above expectations. Gold price trades near $4,000/oz after final Consumer Sentiment holds steady

iShares Gold Trust Trading Down 0.7%

NYSEARCA:IAU opened at $75.15 on Friday. The company has a market capitalization of $59.26 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm has a 50-day moving average price of $80.90 and a two-hundred day moving average price of $81.74. 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).