AlphaCore Capital LLC Purchases 12,750 Shares of iShares Gold Trust $IAU

AlphaCore Capital LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 96.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,976 shares of the exchange traded fund’s stock after purchasing an additional 12,750 shares during the quarter. AlphaCore Capital LLC’s holdings in iShares Gold Trust were worth $2,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. MA Private Wealth raised its holdings in shares of iShares Gold Trust by 10.3% in the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after buying an additional 14,705 shares during the period. CM Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the third quarter worth approximately $1,531,000. WESCAP Management Group Inc. raised its holdings in shares of iShares Gold Trust by 7.0% in the third quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock worth $32,726,000 after buying an additional 29,553 shares during the period. Hudson Oak Wealth Advisory LLC purchased a new position in iShares Gold Trust during the 4th quarter worth $1,725,000. Finally, Allianz SE increased its holdings in iShares Gold Trust by 2.8% during the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after purchasing an additional 32,341 shares during the period. 59.67% of the stock is currently owned by institutional investors.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Some market commentary still points to long-term support for gold from central bank buying and ongoing geopolitical uncertainty, which could help limit downside over time. Central Banks Are Snapping Up Gold ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000
• Neutral Sentiment: Gold remains near a major support zone, and several analysts say that area will determine whether the metal stabilizes or extends its correction. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
• Neutral Sentiment: Longer-term demand for gold is still being supported by safe-haven interest, but that positive backdrop is being offset in the short run by higher rates and dollar strength. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
• Negative Sentiment: Gold prices fell as the dollar strengthened and Treasury yields moved higher, hurting demand for gold as a non-yielding asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
• Negative Sentiment: Several reports describe a broad sell-off in precious metals, with gold breaking key support and silver also sliding, reinforcing bearish momentum in the sector. Gold and silver slammed as Iran war fuels inflation and rate hike fears
• Negative Sentiment: Technical analysis points to a bearish breakdown in gold, with downside risk toward a deeper support zone if selling continues. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support

iShares Gold Trust Stock Down 2.3%

IAU opened at $85.51 on Friday. The stock’s fifty day moving average is $89.23 and its two-hundred day moving average is $86.62. The company has a market capitalization of $72.80 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52 week low of $59.71 and a 52 week high of $104.40.

iShares Gold Trust Company 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).