iShares Gold Trust $IAU Stock: Kestra Advisory Services LLC Increases Stake

Kestra Advisory Services LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 686,377 shares of the exchange traded fund’s stock after purchasing an additional 103,315 shares during the quarter. Kestra Advisory Services LLC’s holdings in iShares Gold Trust were worth $53,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Team Financial Group LLC acquired a new position in shares of iShares Gold Trust in the third quarter valued at $27,000. Dunhill Financial LLC boosted its stake in iShares Gold Trust by 72.9% during the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 159 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in iShares Gold Trust in the 2nd quarter valued at $28,000. Gold Investment Management Ltd. bought a new stake in iShares Gold Trust in the 2nd quarter valued at $32,000. Finally, Hickory Point Bank & Trust increased its holdings in iShares Gold Trust by 171.6% in the 3rd quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock traded down $0.62 during mid-day trading on Friday, reaching $76.38. The company’s stock had a trading volume of 3,572,438 shares, compared to its average volume of 8,875,913. iShares Gold Trust has a 1-year low of $72.71 and a 1-year high of $104.40. The company has a market cap of $60.23 billion, a P/E ratio of 5.53 and a beta of 0.20. The firm’s 50-day moving average is $78.93 and its two-hundred day moving average is $84.33.

Trending Headlines about iShares Gold Trust

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

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).