iShares Gold Trust $IAU Shares Newly Bought by United Advisor Group LLC

United Advisor Group LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,731 shares of the exchange traded fund’s stock, valued at approximately $682,000.

Other large investors also recently bought and sold shares of the company. Team Financial Group LLC purchased a new position in iShares Gold Trust in the 3rd quarter worth approximately $27,000. Dunhill Financial LLC boosted its holdings in shares of iShares Gold Trust by 72.9% during the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 159 shares during the last quarter. Harborfront Financial Group LLC purchased a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $28,000. Gold Investment Management Ltd. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $32,000. Finally, Hickory Point Bank & Trust grew its position in shares of iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 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 $76.38 on Monday. 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 $60.23 billion, a PE ratio of 5.53 and a beta of 0.20. The stock has a 50 day moving average price of $78.93 and a 200 day moving average price of $84.33.

More iShares Gold Trust News

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 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).