iShares Gold Trust $IAU Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,312 shares of the exchange traded fund’s stock after purchasing an additional 12,736 shares during the period. Parallel Advisors LLC’s holdings in iShares Gold Trust were worth $6,116,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IAU. BlackRock Inc. increased its stake in shares of 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 valued at $659,404,000 after buying an additional 109,246 shares during the period. Proficio Capital Partners LLC raised its position in shares of iShares Gold Trust by 5.7% during the second quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock worth $165,455,000 after acquiring an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares Gold Trust by 8.8% during 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 acquiring an additional 149,558 shares during the period. AlTi Global Inc. lifted its stake in shares of iShares Gold Trust by 5.4% during 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 acquiring an additional 84,457 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of iShares Gold Trust by 2.7% during 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 acquiring an additional 34,076 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8%

iShares Gold Trust stock opened at $76.38 on Friday. The business’s 50-day simple moving average is $78.93 and its 200 day simple moving average is $84.33. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a 12-month low of $72.71 and a 12-month high of $104.40.

iShares Gold Trust News Roundup

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 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).