54,863 iShares Gold Trust $IAU Shares Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 106.4% during the third quarter, Holdings Channel reports. The fund owned 106,435 shares of the exchange traded fund’s stock after acquiring an additional 54,863 shares during the quarter. iShares Gold Trust makes up 0.9% of Tennessee Valley Asset Management Partners’ holdings, making the stock its 20th largest holding. Tennessee Valley Asset Management Partners’ holdings in iShares Gold Trust were worth $8,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. RFG Advisory LLC raised its position in iShares Gold Trust by 35.8% during the second quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after buying an additional 10,263 shares during the period. Avestar Capital LLC lifted its stake in iShares Gold Trust by 8.2% in the 3rd quarter. Avestar Capital LLC now owns 154,177 shares of the exchange traded fund’s stock worth $12,041,000 after acquiring an additional 11,672 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in iShares Gold Trust by 70.2% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 32,722 shares of the exchange traded fund’s stock worth $2,556,000 after acquiring an additional 13,497 shares during the period. Wedbush Securities Inc. boosted its position in iShares Gold Trust by 18.2% during the 2nd quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock worth $4,143,000 after acquiring an additional 8,462 shares during the period. Finally, Contango Wealth Management LLC grew its stake in iShares Gold Trust by 136.0% during the 1st quarter. Contango Wealth Management LLC now owns 18,787 shares of the exchange traded fund’s stock valued at $1,656,000 after acquiring an additional 10,826 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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 Trading Down 0.8%

NYSEARCA:IAU traded down $0.62 on Friday, hitting $76.38. 3,572,438 shares of the company’s stock traded hands, compared to its average volume of 8,875,913. The company has a market cap of $60.23 billion, a PE 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 firm has a 50-day moving average price of $78.93 and a 200-day moving average price of $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).