Kaydan Wealth Management Inc. Sells 172,999 Shares of iShares Gold Trust $IAU

Kaydan Wealth Management Inc. cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 97.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,976 shares of the exchange traded fund’s stock after selling 172,999 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in iShares Gold Trust were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wills Financial Group LLC boosted its holdings in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after buying an additional 13,093 shares during the period. Greykasell Wealth Strategies Inc. grew its stake in iShares Gold Trust by 1,107.5% in the 4th quarter. Greykasell Wealth Strategies Inc. now owns 10,240 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 9,392 shares in the last quarter. Wealth Care LLC bought a new stake in iShares Gold Trust during the 1st quarter valued at $9,270,000. Acorn Financial Advisory Services Inc. ADV raised its holdings in iShares Gold Trust by 3.1% during the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock valued at $42,648,000 after acquiring an additional 14,344 shares during the period. Finally, Outlook Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 48.7% during the fourth quarter. Outlook Wealth Advisors LLC now owns 24,046 shares of the exchange traded fund’s stock worth $1,952,000 after acquiring an additional 7,876 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

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

• Positive Sentiment: Gold has found some support after the initial selloff, with investors continuing to view the metal as a strategic allocation amid rising government debt, inflation concerns and instability in global bond markets. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Gold ETF demand could remain resilient despite higher yields because of inflation, fiscal and currency risks, while central banks continue accumulating bullion. The World Gold Council reported 23 net tonnes of central-bank purchases in July, led by China and Poland. Why Gold ETFs Could Keep Shining Despite Higher Rates
• Positive Sentiment: European reserve-management changes and geopolitical tensions are reinforcing gold’s appeal as a crisis asset. The Netherlands moved roughly 86 tons of gold from North America to London to improve crisis preparedness. Dutch central bank moves gold bars out of U.S. and Canada

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $83.39 on Friday. iShares Gold Trust has a one year low of $67.35 and a one year high of $104.40. The business has a fifty day moving average price of $79.73 and a 200-day moving average price of $84.96. The firm has a market capitalization of $68.87 billion, a P/E ratio of 5.53 and a beta of 0.19.

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).