iShares Gold Trust $IAU Stock Bought by Spectrum Planning & Advisory Services Inc.

Spectrum Planning & Advisory Services Inc. raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 56.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,739 shares of the exchange traded fund’s stock after purchasing an additional 8,166 shares during the quarter. Spectrum Planning & Advisory Services Inc.’s holdings in iShares Gold Trust were worth $1,776,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. BlackRock Inc. increased its position in shares of iShares Gold Trust by 1.3% during the 2nd quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after purchasing an additional 109,246 shares during the last quarter. Proficio Capital Partners LLC lifted its position in iShares Gold Trust by 5.7% in the second quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock valued at $165,455,000 after buying an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in iShares Gold Trust by 8.8% during the second quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock worth $138,941,000 after buying an additional 149,558 shares during the period. AlTi Global Inc. boosted its stake in iShares Gold Trust by 5.4% during the second quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock worth $124,701,000 after buying an additional 84,457 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in iShares Gold Trust by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,295,573 shares of the exchange traded fund’s stock worth $114,218,000 after buying an additional 34,076 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $74.87 on Thursday. iShares Gold Trust has a 1-year low of $72.71 and a 1-year high of $104.40. The stock has a market cap of $59.03 billion, a PE ratio of 5.53 and a beta of 0.20. The firm has a 50-day simple moving average of $78.52 and a two-hundred day simple moving average of $84.09.

Top iShares Gold Trust Stories

Here are a few of the latest stories about IAU:

• 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
• Negative Sentiment: Gold fell below $4,000 as hotter-than-expected U.S. inflation fueled expectations of further Federal Reserve rate increases. A stronger dollar and climbing real yields make non-yielding bullion less attractive, pressuring gold and, in turn, IAU. Analysts warned of possible further losses if support gives way. Gold falls below $4,000 as dollar surges, Fed hike bets rise Gold prices fall below $4,000 as analysts warn of further losses toward $3,900

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).