iShares Gold Trust $IAU Position Lifted by Everest Financial Group LLC

Everest Financial Group LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 24.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 88,020 shares of the exchange traded fund’s stock after acquiring an additional 17,551 shares during the period. Everest Financial Group LLC’s holdings in iShares Gold Trust were worth $6,874,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IAU. Retirement Planning Group LLC increased its holdings in iShares Gold Trust by 0.7% in the 3rd 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 in the last quarter. Euro Pacific Asset Management LLC boosted its stake in shares of iShares Gold Trust by 3.9% during the third 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 in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of iShares Gold Trust by 4.0% during the third 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of iShares Gold Trust by 3.8% during the third quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 143 shares in the last quarter. Finally, Retirement Wealth Solutions LLC grew its holdings in shares of iShares Gold Trust by 2.4% during the second quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock worth $465,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 2.8%

NYSEARCA:IAU opened at $72.79 on Friday. The stock has a market cap of $57.47 billion, a P/E ratio of 5.53 and a beta of 0.20. The stock’s 50-day moving average is $78.32 and its 200-day moving average is $83.98. iShares Gold Trust has a 1-year low of $72.37 and a 1-year high of $104.40.

iShares Gold Trust News Roundup

Here’s some of the latest news about IAU:

• Positive Sentiment: Société Générale says gold could receive about $3.3 billion in purchases from index rebalancing early next year, potentially providing support after the recent decline. Article: Gold could see $3.3 billion buying on index rebalancing
• Negative Sentiment: Gold and silver fell sharply in late U.S. trading as Treasury yields and the dollar strengthened, while markets priced in further Fed rate increases. The resulting pressure on bullion is the main near-term headwind for IAU. Article: Gold and silver slide as yields surge
• Negative Sentiment: Hot U.S. inflation data lifted yields and reinforced expectations for tighter monetary policy. Analysts warn gold could face further losses, with one forecast identifying $3,600 as a potential support level if selling continues. Article: Gold faces pressure as real yields climb

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).