iShares Gold Trust $IAU Stock: CENTRAL TRUST Co Reduces Stake

CENTRAL TRUST Co cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,223 shares of the exchange traded fund’s stock after selling 12,069 shares during the period. iShares Gold Trust makes up approximately 1.2% of CENTRAL TRUST Co’s holdings, making the stock its 20th biggest position. CENTRAL TRUST Co owned about 0.11% of iShares Gold Trust worth $68,355,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in shares of iShares Gold Trust by 5.6% in the 3rd quarter. Fifth Third Bancorp now owns 523,806 shares of the exchange traded fund’s stock valued at $40,909,000 after purchasing an additional 27,817 shares during the period. Endeavor Private Wealth Inc. increased its stake in iShares Gold Trust by 1.2% in the 3rd quarter. Endeavor Private Wealth Inc. now owns 25,094 shares of the exchange traded fund’s stock worth $1,960,000 after purchasing an additional 304 shares in the last quarter. Spectrum Planning & Advisory Services Inc. increased its stake in iShares Gold Trust by 56.0% in the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 22,739 shares of the exchange traded fund’s stock worth $1,776,000 after purchasing an additional 8,166 shares in the last quarter. Acorn Creek Capital LLC raised its holdings in iShares Gold Trust by 36.8% during the 3rd quarter. Acorn Creek Capital LLC now owns 29,920 shares of the exchange traded fund’s stock worth $2,337,000 after buying an additional 8,055 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in iShares Gold Trust by 4.4% during the 3rd quarter. Ritholtz Wealth Management now owns 16,801 shares of the exchange traded fund’s stock worth $1,312,000 after buying an additional 707 shares during the period. 59.67% of the stock is currently owned by institutional investors.

Latest iShares Gold Trust News

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
• Positive Sentiment: Gold had an earlier rebound as bargain hunters and short covering stepped in after a sharp selloff, offering some near-term support, though that recovery did not hold through late U.S. trading. Gold, silver rebound after CPI-driven selloff, Hormuz tensions lift crude oil
• 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?

iShares Gold Trust Trading Down 1.1%

NYSEARCA IAU opened at $74.87 on Thursday. iShares Gold Trust has a 1 year low of $72.71 and a 1 year high of $104.40. The company has a market cap of $59.03 billion, a PE 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.

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).