iShares Gold Trust $IAU Stock Acquired by Spectrum Planning & Advisory Services Inc.

Spectrum Planning & Advisory Services Inc. lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 56.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,739 shares of the exchange traded fund’s stock after buying an additional 8,166 shares during the quarter. Spectrum Planning & Advisory Services Inc.’s holdings in iShares Gold Trust were worth $1,776,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Acorn Creek Capital LLC lifted its position in shares of iShares Gold Trust by 36.8% during the third quarter. Acorn Creek Capital LLC now owns 29,920 shares of the exchange traded fund’s stock worth $2,337,000 after purchasing an additional 8,055 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of iShares Gold Trust by 4.4% in the third quarter. Ritholtz Wealth Management now owns 16,801 shares of the exchange traded fund’s stock valued at $1,312,000 after purchasing an additional 707 shares during the period. NBH Bank boosted its stake in shares of iShares Gold Trust by 0.9% in the third quarter. NBH Bank now owns 45,601 shares of the exchange traded fund’s stock valued at $3,561,000 after purchasing an additional 414 shares during the period. Joel Isaacson & Co. LLC boosted its stake in shares of iShares Gold Trust by 5.2% in the third quarter. Joel Isaacson & Co. LLC now owns 4,880 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 243 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in shares of iShares Gold Trust by 4.8% in the third quarter. Jacobi Capital Management LLC now owns 20,079 shares of the exchange traded fund’s stock valued at $1,568,000 after purchasing an additional 917 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $74.87 on Thursday. iShares Gold Trust has a fifty-two week low of $72.71 and a fifty-two week high of $104.40. The company has a 50 day moving average price of $78.52 and a 200 day moving average price of $84.09. The stock has a market capitalization of $59.03 billion, a P/E ratio of 5.53 and a beta of 0.20.

Top iShares Gold Trust Stories

Investors following IAU have been watching these stories:

• Positive Sentiment: Some analysts still see scope for a recovery: Standard Chartered expects gold to reach $4,650 by year-end, while central-bank purchases remain a source of longer-term demand. Gold prices find solid support at $4,000 as Standard Chartered sees rally to $4,650 by year-end China buys gold for two straight years as central bank demand remains a key pillar of support
• Neutral Sentiment: A comparison with Sprott’s gold-miners ETF notes that IAU holds bullion directly and has a lower expense ratio and historically lower volatility. This is useful context for investors but not a new near-term catalyst for IAU. Which Gold ETF Is the Better Buy: iShares’ Gold Trust IAU or Sprott’s Gold Miners SGDM?
• Negative Sentiment: Gold fell below $4,000 as hotter-than-expected U.S. inflation fueled expectations of further Federal Reserve rate increases. A stronger dollar and climbing real yields make non-yielding bullion less attractive, pressuring gold and, in turn, IAU. Analysts warned of possible further losses if support gives way. Gold falls below $4,000 as dollar surges, Fed hike bets rise Gold prices fall below $4,000 as analysts warn of further losses toward $3,900

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).