Lido Advisors LLC Acquires 23,594 Shares of iShares Gold Trust $IAU

Lido Advisors LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.0% in the 3rd quarter, Holdings Channel reports. The fund owned 141,725 shares of the exchange traded fund’s stock after acquiring an additional 23,594 shares during the quarter. Lido Advisors LLC’s holdings in iShares Gold Trust were worth $11,069,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in iShares Gold Trust by 1.3% in the 2nd quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after purchasing an additional 109,246 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 5.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock worth $165,455,000 after purchasing an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares Gold Trust by 8.8% in the second quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock valued at $138,941,000 after purchasing an additional 149,558 shares in the last quarter. AlTi Global Inc. grew its position in shares of iShares Gold Trust by 5.4% in the second quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after purchasing an additional 84,457 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of iShares Gold Trust by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,295,573 shares of the exchange traded fund’s stock valued at $114,218,000 after purchasing an additional 34,076 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $74.87 on Thursday. iShares Gold Trust has a one year low of $72.71 and a one year high of $104.40. The stock has a market cap of $59.03 billion, a PE ratio of 5.53 and a beta of 0.20. The stock has a 50 day moving average price of $78.52 and a 200 day moving average price of $84.09.

Latest iShares Gold Trust News

Here’s some of the latest news about IAU:

• 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
• Positive Sentiment: Gold had an earlier rebound as bargain hunters and short covering stepped in after a sharp selloff, offering some near-term support, though that recovery did not hold through late U.S. trading. Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil
• 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

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).