iShares Gold Trust $IAU Stake Raised by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 79.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,542 shares of the exchange traded fund’s stock after acquiring an additional 71,691 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Gold Trust were worth $12,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of IAU. Evolution Wealth Management Inc. grew its stake in shares of iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the last quarter. SmartHarvest Portfolios LLC raised its holdings in shares of iShares Gold Trust by 2.0% in the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 129 shares in the last quarter. Retirement Planning Group LLC lifted its stake in iShares Gold Trust by 0.7% during the third quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock valued at $1,496,000 after purchasing an additional 130 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in iShares Gold Trust by 3.9% during the third quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 131 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its stake in iShares Gold Trust by 4.0% during the third quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock valued at $291,000 after purchasing an additional 142 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold ETF holdings have reached a record, signaling continued investor demand. The World Gold Council also estimates that tokenized gold could eventually unlock as much as $700 billion in new demand, offering a longer-term potential catalyst for gold-backed funds such as IAU. Gold and Silver Price Forecast: ETF Holdings Hit Record Tokenized gold could unlock $700 billion new demand
• Positive Sentiment: CIBC lowered its near-term gold forecasts but continues to expect strong longer-term prices, citing central-bank purchases as a support for the metal. CIBC slashes gold price forecasts but sees recovery
• Neutral Sentiment: Gold is technically positioned between major support near $4,000-$4,100 and resistance around $4,217-$4,260. A successful recovery above resistance could improve sentiment, while a break below support would increase downside risk. Gold Tests Major Demand Zone
• Negative Sentiment: Higher oil prices are reviving inflation concerns, while resilient yields, a firmer dollar and roughly 94% odds of a December Fed hike are discouraging non-yielding assets such as gold. Oil Premium and December Rate Bet Keep Sellers in Control
• Negative Sentiment: Recent weakness in U.S. housing data has not generated meaningful safe-haven buying, reinforcing the view that macroeconomic and interest-rate pressures currently outweigh defensive demand. Gold struggling to catch a bid

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $77.44 on Wednesday. The stock has a market capitalization of $61.07 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 has a 50 day moving average price of $81.27 and a 200 day moving average price of $81.95.

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).