12,069 iShares Gold Trust $IAU Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 875,223 shares of the exchange traded fund’s stock after selling 12,069 shares during the period. iShares Gold Trust makes up 1.2% of CENTRAL TRUST Co’s portfolio, making the stock its 20th biggest position. CENTRAL TRUST Co’s holdings in iShares Gold Trust were worth $68,355,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Team Financial Group LLC purchased a new position in shares of iShares Gold Trust during the third quarter valued at $27,000. Dunhill Financial LLC raised its position in iShares Gold Trust by 72.9% during the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 159 shares during the period. Harborfront Financial Group LLC acquired a new position in iShares Gold Trust during the second quarter valued at $28,000. Gold Investment Management Ltd. purchased a new stake in iShares Gold Trust in the 2nd quarter worth about $32,000. Finally, Hickory Point Bank & Trust lifted its stake in iShares Gold Trust by 171.6% in the 3rd quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

Investors following IAU have been watching these news items:

• 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
• Neutral Sentiment: A comparison with Sprott’s gold-miners ETF notes that IAU holds bullion directly and has a lower expense ratio and historically lower volatility. This is useful context for investors but not a new near-term catalyst for IAU. Which Gold ETF Is the Better Buy: iShares’ Gold Trust IAU or Sprott’s Gold Miners SGDM?
• 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 Trading Down 1.1%

Shares of 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 firm has a market capitalization of $59.03 billion, a PE ratio of 5.53 and a beta of 0.20. The business has a 50-day moving average price of $78.52 and a two-hundred day moving average price of $84.09.

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).