iShares Gold Trust $IAU Stock: Lido Advisors LLC Grows Holdings

Lido Advisors LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,725 shares of the exchange traded fund’s stock after purchasing an additional 23,594 shares during the period. Lido Advisors LLC’s holdings in iShares Gold Trust were worth $11,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Retirement Planning Group LLC raised its holdings in shares of 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 acquiring an additional 130 shares during the last quarter. Euro Pacific Asset Management LLC lifted its position in shares of iShares Gold Trust by 3.9% in 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 acquiring an additional 131 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of iShares Gold Trust by 4.0% in the third quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock valued at $291,000 after acquiring an additional 142 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of iShares Gold Trust by 3.8% in the third quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock valued at $309,000 after acquiring an additional 143 shares in the last quarter. Finally, Retirement Wealth Solutions LLC lifted its position in shares of iShares Gold Trust by 2.4% in the second quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock valued at $465,000 after acquiring an additional 145 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust News Summary

Investors following IAU have been watching these news items:

• 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 Price Performance

Shares of NYSEARCA:IAU opened at $74.87 on Thursday. The business’s 50 day moving average price is $78.52 and its 200-day moving average price is $84.09. The firm has a market capitalization of $59.03 billion, a PE ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a 1 year low of $72.71 and a 1 year high of $104.40.

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).