Cadent Capital Advisors LLC Grows Stake in iShares Gold Trust $IAU

Cadent Capital Advisors LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 139.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,608 shares of the exchange traded fund’s stock after buying an additional 30,044 shares during the quarter. Cadent Capital Advisors LLC’s holdings in iShares Gold Trust were worth $4,031,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. RFG Advisory LLC increased its holdings in shares of iShares Gold Trust by 35.8% during the second quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after purchasing an additional 10,263 shares during the period. Wealth Care LLC bought a new position in iShares Gold Trust in the 1st quarter valued at about $9,270,000. Hsbc Holdings PLC increased its stake in iShares Gold Trust by 51.0% during the 4th quarter. Hsbc Holdings PLC now owns 646,402 shares of the exchange traded fund’s stock valued at $52,467,000 after buying an additional 218,339 shares during the period. Acorn Financial Advisory Services Inc. ADV increased its stake in iShares Gold Trust by 3.1% during the 1st 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 during the period. Finally, J.Safra Asset Management Corp raised its position in shares of iShares Gold Trust by 2,488.4% during the 4th quarter. J.Safra Asset Management Corp now owns 22,571 shares of the exchange traded fund’s stock worth $1,832,000 after buying an additional 21,699 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded up $1.18 during trading on Friday, reaching $78.84. The company had a trading volume of 1,547,445 shares, compared to its average volume of 9,294,547. The firm’s fifty day moving average is $81.48 and its 200 day moving average is $82.34. The firm has a market capitalization of $62.18 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $73.74 and a twelve month high of $104.40.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold moved above $4,184 as declining yields and record exchange-traded-fund inflows supported a recovery, providing a direct catalyst for IAU. Gold and silver price forecast
• Positive Sentiment: October U.S. consumer sentiment fell more than expected to 46.3 while inflation expectations increased, strengthening gold’s appeal as a defensive and inflation-hedging asset. Gold price and consumer sentiment
• Positive Sentiment: Potential continued purchases by China’s central bank and a longer-term shift by central banks away from dollar assets are supporting demand expectations for gold. Gold supported by potential China demand
• Neutral Sentiment: Gold is testing important technical support near $4,103-$4,100. Holding that area could create a double-bottom or bullish-wedge setup, while a breakdown would signal renewed downside risk. Gold support forecast
• Negative Sentiment: Higher Treasury yields and expectations that the Federal Reserve could raise rates again in December are limiting gold’s upside because the metal does not generate income. Gold yield risk forecast
• Negative Sentiment: Stronger-than-expected U.S. jobless-claims data and recent Fed minutes have reinforced the case for sustained restrictive policy, while a stronger dollar and elevated yields previously pushed gold toward two-month lows. Gold price after jobless claims

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).