iShares Gold Trust $IAU Holdings Lifted by Capital Advisors Inc. OK

Capital Advisors Inc. OK increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,567 shares of the exchange traded fund’s stock after acquiring an additional 6,850 shares during the period. Capital Advisors Inc. OK’s holdings in iShares Gold Trust were worth $7,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Wills Financial Group LLC increased its stake in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after purchasing an additional 13,093 shares in the last quarter. Wealth Care LLC purchased a new stake in iShares Gold Trust during the first quarter valued at about $9,270,000. Acorn Financial Advisory Services Inc. ADV lifted its stake in iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock valued at $42,648,000 after buying an additional 14,344 shares in the last quarter. Greykasell Wealth Strategies Inc. boosted its holdings in shares of iShares Gold Trust by 1,107.5% in the fourth quarter. Greykasell Wealth Strategies Inc. now owns 10,240 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 9,392 shares during the period. Finally, Outlook Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 48.7% in the fourth quarter. Outlook Wealth Advisors LLC now owns 24,046 shares of the exchange traded fund’s stock worth $1,952,000 after buying an additional 7,876 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $83.82 on Friday. iShares Gold Trust has a fifty-two week low of $64.41 and a fifty-two week high of $104.40. The firm’s 50 day simple moving average is $79.09 and its 200-day simple moving average is $85.36. The company has a market cap of $69.23 billion, a P/E ratio of 5.53 and a beta of 0.18.

More iShares Gold Trust News

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

• Positive Sentiment: Longer-term demand remains supportive. Analysts cited rising U.S. government debt, potential currency debasement and de-dollarization as reasons investors and foreign central banks may continue favoring gold over alternative assets such as Bitcoin. Some forecasts see additional upside if fiscal concerns persist. Gold’s renewed momentum is sending a warning about America’s $40 trillion debt
• Positive Sentiment: Gold has rebounded roughly 15% since June, and several analysts continue to view the broader trend as bullish while prices remain above important longer-term support. Gold is Glittering This Quarter
• Neutral Sentiment: Markets are awaiting Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks and further rate guidance. A divided Fed could produce significant volatility, with gold traders monitoring support around $4,500-$4,575 and resistance near $4,700-$4,800. Gold is on the radar screen and the Fed is split down the middle
• Negative Sentiment: Near-term selling intensified after Warsh emphasized that inflation remains a greater concern than a slowing labor market, reviving expectations for a possible September rate hike. Higher yields and a firmer U.S. dollar reduce the appeal of non-yielding gold. Gold prices drop 1% as Warsh says inflation is a bigger concern
• Negative Sentiment: Gold fell sharply over several sessions and broke below its 200-day moving average, a potentially bearish technical signal. The latest employment revisions and easing inflation expectations also reduced demand for gold as a defensive hedge. Gold News: Gold Price Breaks 200-Day MA as Warsh Revives September Hike Bets

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).