Stableford Capital II LLC Acquires 26,222 Shares of iShares Gold Trust $IAU

Stableford Capital II LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 56.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,455 shares of the exchange traded fund’s stock after purchasing an additional 26,222 shares during the period. iShares Gold Trust comprises 1.9% of Stableford Capital II LLC’s holdings, making the stock its 12th largest position. Stableford Capital II LLC’s holdings in iShares Gold Trust were worth $5,659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lee Kelleher & Klein Wealth Management acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $201,000. GAMMA Investing LLC grew its stake in iShares Gold Trust by 16.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,201 shares of the exchange traded fund’s stock valued at $250,000 after acquiring an additional 452 shares during the period. Grove Bank & Trust grew its stake in iShares Gold Trust by 16.5% in the 3rd quarter. Grove Bank & Trust now owns 182,412 shares of the exchange traded fund’s stock valued at $14,246,000 after acquiring an additional 25,794 shares during the period. Farther Finance Advisors LLC increased its holdings in iShares Gold Trust by 12.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 335,926 shares of the exchange traded fund’s stock worth $26,236,000 after acquiring an additional 35,984 shares in the last quarter. Finally, Sapient Capital LLC raised its position in iShares Gold Trust by 3.7% during the third quarter. Sapient Capital LLC now owns 164,792 shares of the exchange traded fund’s stock worth $12,870,000 after acquiring an additional 5,953 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.8%

IAU opened at $77.66 on Friday. The company has a market cap of $61.24 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52-week low of $73.74 and a 52-week high of $104.40. The firm’s fifty day simple moving average is $81.48 and its two-hundred day simple moving average is $82.34.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold’s move above $4,184 and renewed ETF inflows are supportive for IAU, suggesting institutional demand may be returning after the metal’s recent decline. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,184, Can Silver Clear $61.72?
• Positive Sentiment: A weaker dollar and pullback in Treasury yields have improved gold’s appeal by reducing the opportunity cost of holding a non-yielding asset. Gold and Silver Forecast: Softer Dollar Fuels Rebound Despite Fed Hike Risks
• Positive Sentiment: China’s central bank bought 21 tonnes of gold in September, its largest monthly purchase in three years and the 23rd consecutive month of buying. Continued official-sector demand provides a longer-term support for gold and IAU. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: Sprott said central banks’ reduced reliance on dollar assets, inflation concerns and persistent ETF inflows could support gold’s next major move higher despite elevated bond yields. Gold gains ground as central banks retreat from dollar assets and inflation undermines bonds
• Neutral Sentiment: Gold’s technical outlook is mixed: support near $4,103–$4,100 could form a double bottom or bullish wedge, but a break below that area would signal additional downside. Gold (XAU/USD) Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Federal Reserve signals pointing to another potential rate hike, stronger-than-expected jobless-claims data and still-high yields could limit gold’s recovery by supporting the dollar and increasing the appeal of interest-bearing assets. Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike

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).