iShares Gold Trust $IAU Shares Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 106.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,435 shares of the exchange traded fund’s stock after buying an additional 54,863 shares during the period. iShares Gold Trust comprises approximately 0.9% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 20th biggest position. Tennessee Valley Asset Management Partners’ holdings in iShares Gold Trust were worth $8,313,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IAU. Parallel Advisors LLC lifted its position in shares of iShares Gold Trust by 19.4% during the 3rd quarter. Parallel Advisors LLC now owns 78,312 shares of the exchange traded fund’s stock valued at $6,116,000 after acquiring an additional 12,736 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of iShares Gold Trust by 8.9% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 11,986 shares of the exchange traded fund’s stock worth $936,000 after acquiring an additional 979 shares in the last quarter. Guidance Capital Inc. grew its holdings in shares of iShares Gold Trust by 16.3% in the 3rd quarter. Guidance Capital Inc. now owns 44,891 shares of the exchange traded fund’s stock worth $3,329,000 after acquiring an additional 6,279 shares during the last quarter. LiftPoint Family Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 14.9% in the 3rd quarter. LiftPoint Family Wealth Advisors LLC now owns 7,287 shares of the exchange traded fund’s stock worth $569,000 after acquiring an additional 944 shares during the last quarter. Finally, United Advisor Group LLC acquired a new position in shares of iShares Gold Trust in the 3rd quarter worth $682,000. 59.67% of the stock is currently owned by institutional investors.

Trending Headlines about 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 Trading Down 0.8%

Shares of iShares Gold Trust stock traded down $0.62 on Friday, reaching $76.38. 3,572,438 shares of the company were exchanged, compared to its average volume of 8,875,913. The stock has a fifty day moving average price of $78.93 and a 200-day moving average price of $84.33. The firm has a market capitalization of $60.23 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a fifty-two week low of $72.71 and a fifty-two week high of $104.40.

iShares Gold Trust 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).