iShares Gold Trust $IAU Stock Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 28.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 396,394 shares of the exchange traded fund’s stock after selling 158,742 shares during the quarter. IFP Advisors Inc’s holdings in iShares Gold Trust were worth $30,958,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. RFG Advisory LLC grew its holdings in shares of iShares Gold Trust by 35.8% in the 2nd quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after acquiring an additional 10,263 shares in the last quarter. Wealth Care LLC bought a new stake in iShares Gold Trust during the first quarter worth about $9,270,000. Hsbc Holdings PLC raised its holdings in iShares Gold Trust by 51.0% during the fourth quarter. Hsbc Holdings PLC now owns 646,402 shares of the exchange traded fund’s stock worth $52,467,000 after acquiring an additional 218,339 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock worth $42,648,000 after acquiring an additional 14,344 shares in the last quarter. Finally, Contango Wealth Management LLC boosted its position in iShares Gold Trust by 136.0% during the first quarter. Contango Wealth Management LLC now owns 18,787 shares of the exchange traded fund’s stock valued at $1,656,000 after purchasing an additional 10,826 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 NYSEARCA IAU opened at $78.34 on Friday. The stock has a 50 day moving average price of $81.46 and a 200 day moving average price of $82.13. The stock has a market capitalization of $61.78 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52 week low of $73.74 and a 52 week high of $104.40.

iShares Gold Trust News Summary

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

• Positive Sentiment: Falling Treasury and real yields, along with a softer U.S. dollar and reduced expectations for an October Fed hike, helped gold recover from its recent selloff—supportive for IAU. Wall Street undecided on gold’s near-term trajectory
• Positive Sentiment: Gold has rebounded from the key $4,000 demand zone for a second consecutive week. Analysts say lower real yields and improving technical structure could support an upside breakout if resistance near $4,200–$4,226 is cleared. Gold Weekly Price Forecast
• Positive Sentiment: Chinese demand remains a fundamental tailwind: the country’s central bank added 23 tonnes to its reserves, while Chinese gold ETFs attracted inflows and holiday demand for jewelry, bars and coins improved. China buys the gold dip
• Neutral Sentiment: Next week’s U.S. housing, manufacturing, employment and consumer-sentiment reports could drive gold and IAU volatility by influencing expectations for the Fed’s interest-rate path. Gold looks to housing, PMI and consumer sentiment data
• Neutral Sentiment: Gold is holding above technical support but faces significant resistance around $4,201 to $4,226, leaving investors divided over whether the recent rebound can develop into a sustained breakout. Gold Price Forecast: Bulls Face Crucial Resistance
• Negative Sentiment: U.S. inflation remains the key headwind. September PPI rose 6.3% year over year and CPI reached 3.7%, increasing the possibility that the Fed keeps rates higher for longer or considers a December hike. Gold holding overnight gains as PPI rises
• Negative Sentiment: Hot inflation and stronger-than-expected retail sales have supported higher-rate expectations, while rising yields and a firmer dollar previously triggered a sharp gold selloff. Gold Lost $100 an Ounce After the Inflation Report

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).