iShares Gold Trust $IAU Stock: Mader & Shannon Wealth Management Inc. Increases Position

Mader & Shannon Wealth Management Inc. lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,230 shares of the exchange traded fund’s stock after purchasing an additional 7,096 shares during the period. iShares Gold Trust makes up 11.2% of Mader & Shannon Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Mader & Shannon Wealth Management Inc.’s holdings in iShares Gold Trust were worth $26,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. RFG Advisory LLC grew its holdings in shares of iShares Gold Trust by 35.8% in the 2nd quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock worth $2,942,000 after acquiring an additional 10,263 shares during the period. Avestar Capital LLC raised its holdings in iShares Gold Trust by 8.2% during the third quarter. Avestar Capital LLC now owns 154,177 shares of the exchange traded fund’s stock worth $12,041,000 after purchasing an additional 11,672 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in iShares Gold Trust by 70.2% during the third quarter. Robertson Stephens Wealth Management LLC now owns 32,722 shares of the exchange traded fund’s stock worth $2,556,000 after purchasing an additional 13,497 shares during the last quarter. Wedbush Securities Inc. boosted its position in iShares Gold Trust by 18.2% during the second quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock worth $4,143,000 after purchasing an additional 8,462 shares in the last quarter. Finally, Principia Wealth Advisory LLC boosted its position in iShares Gold Trust by 28.8% during the second quarter. Principia Wealth Advisory LLC now owns 62,189 shares of the exchange traded fund’s stock worth $4,696,000 after purchasing an additional 13,902 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded down $0.62 during trading hours on Friday, hitting $76.38. The stock had a trading volume of 3,572,438 shares, compared to its average volume of 8,875,913. The stock has a market capitalization of $60.23 billion, a price-to-earnings 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. The stock’s fifty day moving average is $78.93 and its two-hundred day moving average is $84.33.

iShares Gold Trust News Summary

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

• Positive Sentiment: Some investors see the midterm-election outcome and prospective government spending as potentially weakening the U.S. dollar, which could support gold. Central-bank buying and a World Bank outlook for elevated gold prices also offer longer-term support. Dems’ spending plans could weaken the dollar and support gold World Bank sees gold holding above $4,000 through 2028
• Neutral Sentiment: Gold’s breakout may signal that its correction is ending, but a pullback is testing whether former resistance can hold as support. Traders are watching roughly $4,000 as support and $4,200 as resistance; the outcome could set the next direction for IAU. Gold breakout signals potential end to correction
• Negative Sentiment: Stronger-than-expected U.S. payroll growth (165,000 jobs) lifted the dollar and renewed concerns that the Federal Reserve may keep rates higher or raise them in December. Higher real yields increase the opportunity cost of holding non-yielding gold, pressuring bullion and IAU; a break below $4,000 could deepen the decline. Gold faces risk to $4,000 support after strong payrolls

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).