17,417 iShares Gold Trust $IAU Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 31.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,444 shares of the exchange traded fund’s stock after selling 17,417 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Gold Trust were worth $2,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Evolution Wealth Management Inc. boosted its position in shares of iShares Gold Trust by 40.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares during the last quarter. Retirement Planning Group LLC increased its position in iShares Gold Trust by 0.7% during the third quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock worth $1,496,000 after purchasing an additional 130 shares during the last quarter. Euro Pacific Asset Management LLC boosted its holdings in iShares Gold Trust by 3.9% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 131 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in iShares Gold Trust by 4.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock valued at $291,000 after purchasing an additional 142 shares during the last quarter. Finally, Retirement Wealth Solutions LLC lifted its holdings in iShares Gold Trust by 2.4% in the second quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock valued at $465,000 after acquiring an additional 145 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $75.15 on Friday. The stock has a 50 day moving average of $80.90 and a 200 day moving average of $81.74. The firm has a market capitalization of $59.26 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a fifty-two week low of $73.74 and a fifty-two week high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold received some support from falling Treasury yields, which can reduce the opportunity cost of holding a non-yielding asset. Gold also rebounded from the $4,000 area, suggesting that level is attracting buyers. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Inflation expectations increased in the University of Michigan’s October survey, potentially supporting longer-term demand for gold as an inflation hedge. However, consumer sentiment was broadly steady and above expectations. Gold price trades near $4,000/oz after final Consumer Sentiment holds steady

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).