M Holdings Securities Inc. Purchases 47,967 Shares of iShares Gold Trust $IAU

M Holdings Securities Inc. purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,967 shares of the exchange traded fund’s stock, valued at approximately $3,638,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Team Financial Group LLC purchased a new position in iShares Gold Trust during the 3rd quarter worth $27,000. Dunhill Financial LLC grew its stake in shares of iShares Gold Trust by 72.9% in the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. Harborfront Financial Group LLC purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $28,000. Gold Investment Management Ltd. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $32,000. Finally, Hickory Point Bank & Trust raised its holdings in shares of iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU opened at $76.38 on Monday. The company’s 50-day moving average is $78.93 and its 200 day moving average is $84.33. iShares Gold Trust has a fifty-two week low of $72.71 and a fifty-two week high of $104.40. The firm has a market capitalization of $60.23 billion, a P/E ratio of 5.53 and a beta of 0.20.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Some investors see the midterm-election outcome and prospective government spending as potentially weakening the U.S. dollar, which could support gold. Central-bank buying and a World Bank outlook for elevated gold prices also offer longer-term support. Dems’ spending plans could weaken the dollar and support gold World Bank sees gold holding above $4,000 through 2028
• Neutral Sentiment: Gold’s breakout may signal that its correction is ending, but a pullback is testing whether former resistance can hold as support. Traders are watching roughly $4,000 as support and $4,200 as resistance; the outcome could set the next direction for IAU. Gold breakout signals potential end to correction
• Negative Sentiment: Stronger-than-expected U.S. payroll growth (165,000 jobs) lifted the dollar and renewed concerns that the Federal Reserve may keep rates higher or raise them in December. Higher real yields increase the opportunity cost of holding non-yielding gold, pressuring bullion and IAU; a break below $4,000 could deepen the decline. Gold faces risk to $4,000 support after strong payrolls

iShares Gold Trust Company 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).