iShares Gold Trust $IAU Stock Purchased by Avaii Wealth Management LLC

Avaii Wealth Management LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,871 shares of the exchange traded fund’s stock after purchasing an additional 9,250 shares during the quarter. iShares Gold Trust accounts for 3.0% of Avaii Wealth Management LLC’s holdings, making the stock its 7th largest holding. Avaii Wealth Management LLC’s holdings in iShares Gold Trust were worth $10,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. RFG Advisory LLC grew its stake in shares of iShares Gold Trust by 35.8% during the second quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock worth $2,942,000 after purchasing an additional 10,263 shares in the last quarter. Wealth Care LLC acquired a new stake in iShares Gold Trust in the first quarter valued at $9,270,000. Acorn Financial Advisory Services Inc. ADV raised its stake in iShares Gold Trust by 3.1% in the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock valued at $42,648,000 after buying an additional 14,344 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in iShares Gold Trust by 51.0% during the 4th quarter. Hsbc Holdings PLC now owns 646,402 shares of the exchange traded fund’s stock worth $52,467,000 after buying an additional 218,339 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in iShares Gold Trust by 2,488.4% during the 4th quarter. J.Safra Asset Management Corp now owns 22,571 shares of the exchange traded fund’s stock worth $1,832,000 after buying an additional 21,699 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold rebounded toward $4,200 per ounce as the U.S. dollar softened, Treasury yields pulled back from weekly extremes and investors engaged in bargain buying. That recovery is the main reason for IAU’s advance. Gold tests $4,200 as weak sentiment offsets sticky inflation expectations
• Positive Sentiment: U.S. consumer sentiment weakened to a preliminary October reading of 46.3, below expectations, while inflation expectations increased. Falling confidence and persistent inflation can support demand for gold as a defensive store of value. Gold price trades near high after preliminary Consumer Sentiment falls
• Positive Sentiment: Analysts cited softer yields, continued ETF inflows and potential ongoing purchases by China’s central bank as support for gold. Longer term, central-bank diversification away from dollar assets remains a bullish theme for IAU. Gold breaks $4,184 as softer yields and ETF inflows support recovery
• Positive Sentiment: Gold held support near $4,100 and technical analysts see a potential breakout above $4,200 that could signal a reversal of the recent downtrend. Gold price holds critical $4,100 support

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded up $1.21 on Friday, hitting $78.87. 2,877,760 shares of the company’s stock were exchanged, compared to its average volume of 9,302,176. The firm’s 50-day moving average is $81.48 and its 200 day moving average is $82.34. The company has a market capitalization of $62.20 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1-year low of $73.74 and a 1-year high of $104.40.

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).