iShares Gold Trust $IAU Stock: New Harbor Financial Group LLC Boosts Holdings

New Harbor Financial Group LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 72.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 234,039 shares of the exchange traded fund’s stock after buying an additional 98,418 shares during the quarter. iShares Gold Trust comprises about 2.7% of New Harbor Financial Group LLC’s investment portfolio, making the stock its 17th largest holding. New Harbor Financial Group LLC’s holdings in iShares Gold Trust were worth $18,278,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Lake Street Private Wealth LLC raised its position in iShares Gold Trust by 5.9% in the 3rd quarter. Lake Street Private Wealth LLC now owns 7,268 shares of the exchange traded fund’s stock valued at $568,000 after purchasing an additional 407 shares in the last quarter. Sepio Capital LP boosted its stake in shares of iShares Gold Trust by 2.6% in the 3rd quarter. Sepio Capital LP now owns 79,908 shares of the exchange traded fund’s stock valued at $6,241,000 after buying an additional 2,000 shares during the period. Sharkey Howes & Javer grew its position in shares of iShares Gold Trust by 2.3% during the third quarter. Sharkey Howes & Javer now owns 106,294 shares of the exchange traded fund’s stock worth $8,302,000 after buying an additional 2,423 shares in the last quarter. Howland Capital Management LLC grew its position in shares of iShares Gold Trust by 7.3% during the third quarter. Howland Capital Management LLC now owns 63,829 shares of the exchange traded fund’s stock worth $4,985,000 after buying an additional 4,350 shares in the last quarter. Finally, Cadinha & Co. LLC grew its position in shares of iShares Gold Trust by 2.3% during the third quarter. Cadinha & Co. LLC now owns 528,322 shares of the exchange traded fund’s stock worth $41,262,000 after buying an additional 11,704 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock traded down $0.51 during trading hours on Friday, reaching $75.15. 4,172,091 shares of the stock were exchanged, compared to its average volume of 9,072,928. The business’s fifty day moving average is $80.90 and its two-hundred day moving average is $81.74. iShares Gold Trust has a 12-month low of $73.74 and a 12-month high of $104.40. The firm has a market capitalization of $59.26 billion, a P/E ratio of 5.53 and a beta of 0.18.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold received some support from falling Treasury yields, which can reduce the opportunity cost of holding a non-yielding asset. Gold also rebounded from the $4,000 area, suggesting that level is attracting buyers. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Inflation expectations increased in the University of Michigan’s October survey, potentially supporting longer-term demand for gold as an inflation hedge. However, consumer sentiment was broadly steady and above expectations. Gold price trades near $4,000/oz after final Consumer Sentiment holds steady

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).