iShares Gold Trust $IAU Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 196,143 shares of the exchange traded fund’s stock after selling 24,475 shares during the quarter. Sigma Planning Corp’s holdings in iShares Gold Trust were worth $15,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of IAU. Fairway Wealth LLC grew its stake in iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 252 shares in the last quarter. Dunhill Financial LLC raised its holdings in iShares Gold Trust by 72.9% during the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 159 shares during the period. Harborfront Financial Group LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at $28,000. Gold Investment Management Ltd. bought a new stake in iShares Gold Trust during the 2nd quarter valued at $32,000. Finally, Hickory Point Bank & Trust lifted its position in shares of iShares Gold Trust by 171.6% during the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $75.15 on Monday. iShares Gold Trust has a 1 year low of $73.74 and a 1 year high of $104.40. The stock’s fifty day moving average price is $80.90 and its two-hundred day moving average price is $81.70. The company has a market cap of $59.26 billion, a P/E ratio of 5.53 and a beta of 0.18.

iShares Gold Trust News Roundup

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

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).