Kure Advisory LLC Raises Stock Holdings in iShares Gold Trust $IAU

Kure Advisory LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,080 shares of the exchange traded fund’s stock after purchasing an additional 8,328 shares during the quarter. iShares Gold Trust comprises 3.5% of Kure Advisory LLC’s investment portfolio, making the stock its 9th biggest position. Kure Advisory LLC’s holdings in iShares Gold Trust were worth $7,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merkkuri Wealth Advisors LLC bought a new position in iShares Gold Trust in the 1st quarter valued at about $26,000. Fairway Wealth LLC lifted its holdings in shares of iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 252 shares during the period. Monetary Solutions Ltd bought a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 1st quarter worth approximately $29,000. Finally, Harborfront Financial Group LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $28,000. Institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold is finding support as Treasury yields pull back and the U.S. dollar weakens, improving the appeal of non-yielding bullion and supporting IAU. Gold, Silver, Platinum Forecasts – Gold Attempts To Rebound as Treasury Yields Pull Back
• Positive Sentiment: Sprott’s Kenny Zhu said gold’s ability to hold its trading range and attract fresh ETF inflows despite elevated bond yields signals underlying demand. He also cited central banks’ continued shift away from dollar assets as a longer-term bullish factor. Gold Gains Ground as Central Banks Retreat from Dollar Assets and Inflation Undermines Bonds
• Positive Sentiment: China’s central bank added 21 tonnes of gold in September, its largest monthly purchase in three years and the 23rd consecutive month of reserve increases. Continued official-sector buying provides structural support for bullion and IAU. China’s Central Bank Buys 21 Tonnes of Gold in September
• Neutral Sentiment: Gold is testing major technical support near $4,100-$4,103. A double bottom or bullish wedge breakout could trigger a recovery, while a decisive breach would signal additional downside risk for IAU. Gold Price Forecast: $4,103 Support Holds Key to Next Move
• Negative Sentiment: Federal Reserve signals that another rate increase remains possible, while stronger-than-expected jobless-claims data reinforces the case for higher-for-longer rates. Rising yields and a stronger dollar increase the opportunity cost of holding gold. Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike
• Negative Sentiment: Recent reports describe a deepening correction, with gold pressured by elevated rates, a firm dollar and resistance near-term. Failure of the $4,100 support zone could weigh on IAU. Gold and Silver Price Forecast: Fed Minutes Weigh

iShares Gold Trust Price Performance

NYSEARCA:IAU traded up $0.60 during mid-day trading on Thursday, reaching $77.66. The stock had a trading volume of 3,212,084 shares, compared to its average volume of 9,335,368. The stock has a 50-day simple moving average of $81.48 and a two-hundred day simple moving average of $82.34. The stock has a market capitalization of $61.24 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12 month low of $73.74 and a 12 month high of $104.40.

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).