M Holdings Securities Inc. Acquires 47,967 Shares of iShares Gold Trust $IAU

M Holdings Securities Inc. acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 47,967 shares of the exchange traded fund’s stock, valued at approximately $3,638,000.

A number of other institutional investors have also recently bought and sold shares of the business. Shepherd Financial Partners LLC grew its position in iShares Gold Trust by 28.0% during the third quarter. Shepherd Financial Partners LLC now owns 190,794 shares of the exchange traded fund’s stock valued at $14,901,000 after buying an additional 41,740 shares during the period. Brighton Jones LLC increased its holdings in iShares Gold Trust by 5.4% during the third quarter. Brighton Jones LLC now owns 26,033 shares of the exchange traded fund’s stock worth $2,033,000 after buying an additional 1,327 shares during the last quarter. Richard Young Associates Ltd. purchased a new stake in iShares Gold Trust during the third quarter worth about $208,000. Beam Wealth Advisors Inc. increased its holdings in iShares Gold Trust by 5.7% during the third quarter. Beam Wealth Advisors Inc. now owns 24,999 shares of the exchange traded fund’s stock worth $1,952,000 after buying an additional 1,349 shares during the last quarter. Finally, Ethic Inc. bought a new stake in iShares Gold Trust in the third quarter worth about $281,000. 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: 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 Stock Performance

Shares of IAU stock opened at $76.38 on Monday. The firm 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 52 week low of $72.71 and a 52 week high of $104.40. The firm’s 50-day simple moving average is $78.93 and its two-hundred day simple moving average is $84.33.

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).