iShares Gold Trust $IAU Holdings Decreased by First Command Advisory Services Inc.

First Command Advisory Services Inc. lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 40.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 506,735 shares of the exchange traded fund’s stock after selling 342,477 shares during the quarter. iShares Gold Trust accounts for about 0.2% of First Command Advisory Services Inc.’s investment portfolio, making the stock its 26th biggest holding. First Command Advisory Services Inc. owned about 0.06% of iShares Gold Trust worth $39,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in IAU. Silver Grove Financial Group Inc. raised its stake in shares of iShares Gold Trust by 377.0% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,946 shares of the exchange traded fund’s stock valued at $152,000 after purchasing an additional 1,538 shares during the period. Brooklyn FI LLC grew its holdings in shares of iShares Gold Trust by 1,038.3% during the third quarter. Brooklyn FI LLC now owns 3,415 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 3,115 shares in the last quarter. AMG National Trust Bank grew its holdings in shares of iShares Gold Trust by 0.5% during the third quarter. AMG National Trust Bank now owns 274,441 shares of the exchange traded fund’s stock worth $21,434,000 after buying an additional 1,499 shares in the last quarter. Lido Advisors LLC raised its position in iShares Gold Trust by 20.0% in the 3rd quarter. Lido Advisors LLC now owns 141,725 shares of the exchange traded fund’s stock valued at $11,069,000 after buying an additional 23,594 shares during the last quarter. Finally, Narwhal Capital Management raised its position in iShares Gold Trust by 0.5% in the 3rd quarter. Narwhal Capital Management now owns 675,611 shares of the exchange traded fund’s stock valued at $52,765,000 after buying an additional 3,524 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

Here’s some of the latest news about IAU:

• Positive Sentiment: Some analysts still see scope for a recovery: Standard Chartered expects gold to reach $4,650 by year-end, while central-bank purchases remain a source of longer-term demand. Gold prices find solid support at $4,000 as Standard Chartered sees rally to $4,650 by year-end China buys gold for two straight years as central bank demand remains a key pillar of support
• Neutral Sentiment: A comparison with Sprott’s gold-miners ETF notes that IAU holds bullion directly and has a lower expense ratio and historically lower volatility. This is useful context for investors but not a new near-term catalyst for IAU. Which Gold ETF Is the Better Buy: iShares’ Gold Trust IAU or Sprott’s Gold Miners SGDM?
• Negative Sentiment: Gold fell below $4,000 as hotter-than-expected U.S. inflation fueled expectations of further Federal Reserve rate increases. A stronger dollar and climbing real yields make non-yielding bullion less attractive, pressuring gold and, in turn, IAU. Analysts warned of possible further losses if support gives way. Gold falls below $4,000 as dollar surges, Fed hike bets rise Gold prices fall below $4,000 as analysts warn of further losses toward $3,900

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $74.87 on Thursday. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. The stock’s 50 day moving average price is $78.52 and its two-hundred day moving average price is $84.09. iShares Gold Trust has a 52 week low of $72.71 and a 52 week high of $104.40.

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).