iShares Gold Trust $IAU Holdings Increased by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 139.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,608 shares of the exchange traded fund’s stock after buying an additional 30,044 shares during the period. Cadent Capital Advisors LLC’s holdings in iShares Gold Trust were worth $4,031,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IAU. Stableford Capital II LLC boosted its holdings in iShares Gold Trust by 56.7% in the third quarter. Stableford Capital II LLC now owns 72,455 shares of the exchange traded fund’s stock worth $5,659,000 after purchasing an additional 26,222 shares during the period. Lee Kelleher & Klein Wealth Management acquired a new position in shares of iShares Gold Trust in the 3rd quarter valued at about $201,000. GAMMA Investing LLC raised its stake in iShares Gold Trust by 16.4% during the third quarter. GAMMA Investing LLC now owns 3,201 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 452 shares during the period. Grove Bank & Trust lifted its holdings in iShares Gold Trust by 16.5% in the third quarter. Grove Bank & Trust now owns 182,412 shares of the exchange traded fund’s stock worth $14,246,000 after acquiring an additional 25,794 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in iShares Gold Trust by 12.0% in the third quarter. Farther Finance Advisors LLC now owns 335,926 shares of the exchange traded fund’s stock valued at $26,236,000 after acquiring an additional 35,984 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold moved above $4,184 as declining yields and record exchange-traded-fund inflows supported a recovery, providing a direct catalyst for IAU. Gold and silver price forecast
• Positive Sentiment: October U.S. consumer sentiment fell more than expected to 46.3 while inflation expectations increased, strengthening gold’s appeal as a defensive and inflation-hedging asset. Gold price and consumer sentiment
• Positive Sentiment: Potential continued purchases by China’s central bank and a longer-term shift by central banks away from dollar assets are supporting demand expectations for gold. Gold supported by potential China demand
• Neutral Sentiment: Gold is testing important technical support near $4,103-$4,100. Holding that area could create a double-bottom or bullish-wedge setup, while a breakdown would signal renewed downside risk. Gold support forecast
• Negative Sentiment: Higher Treasury yields and expectations that the Federal Reserve could raise rates again in December are limiting gold’s upside because the metal does not generate income. Gold yield risk forecast
• Negative Sentiment: Stronger-than-expected U.S. jobless-claims data and recent Fed minutes have reinforced the case for sustained restrictive policy, while a stronger dollar and elevated yields previously pushed gold toward two-month lows. Gold price after jobless claims

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock traded up $1.18 on Friday, reaching $78.84. 1,547,445 shares of the company were exchanged, compared to its average volume of 9,294,547. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1-year low of $73.74 and a 1-year high of $104.40. The company’s 50-day moving average is $81.48 and its two-hundred day moving average is $82.34.

About iShares Gold Trust

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).