iShares Gold Trust $IAU Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,143 shares of the exchange traded fund’s stock after selling 24,475 shares during the quarter. Sigma Planning Corp’s holdings in iShares Gold Trust were worth $15,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Evolution Wealth Management Inc. raised its holdings in shares of iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the period. Retirement Planning Group LLC grew its holdings in 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 purchasing an additional 130 shares during the period. Euro Pacific Asset Management LLC grew its holdings in iShares Gold Trust by 3.9% during 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 purchasing an additional 131 shares during the period. Physician Wealth Advisors Inc. grew its holdings in iShares Gold Trust by 4.0% during the third quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock valued at $291,000 after purchasing an additional 142 shares during the period. Finally, Revolve Wealth Partners LLC increased its position in 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 worth $309,000 after buying an additional 143 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust News Roundup

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

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $75.15 on Monday. The company has a market capitalization of $59.26 billion, a P/E ratio of 5.53 and a beta of 0.18. The business has a fifty day simple moving average of $80.90 and a two-hundred day simple moving average of $81.70. iShares Gold Trust has a 1 year low of $73.74 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).