iShares Gold Trust $IAU Stock Bought by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 28.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,794 shares of the exchange traded fund’s stock after acquiring an additional 41,740 shares during the period. iShares Gold Trust makes up approximately 1.2% of Shepherd Financial Partners LLC’s investment portfolio, making the stock its 24th largest position. Shepherd Financial Partners LLC’s holdings in iShares Gold Trust were worth $14,901,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IAU. Team Financial Group LLC acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth approximately $27,000. Dunhill Financial LLC raised its position in shares of iShares Gold Trust by 72.9% in 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 in the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $28,000. Gold Investment Management Ltd. bought a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $32,000. Finally, Hickory Point Bank & Trust boosted its stake in shares of iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.8%

Shares of IAU stock opened at $76.38 on Friday. The stock has a market cap of $60.23 billion, a P/E ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a 1 year low of $72.71 and a 1 year high of $104.40. The stock has a 50 day simple moving average of $78.93 and a 200 day simple moving average of $84.33.

Key iShares Gold Trust News

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 Company 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).