iShares Gold Trust $IAU Position Cut by James Investment Research Inc.

James Investment Research Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,181 shares of the exchange traded fund’s stock after selling 6,771 shares during the quarter. iShares Gold Trust accounts for about 2.3% of James Investment Research Inc.’s holdings, making the stock its 6th biggest position. James Investment Research Inc.’s holdings in iShares Gold Trust were worth $21,492,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Evolution Wealth Management Inc. increased 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 valued at $38,000 after purchasing an additional 124 shares in the last quarter. SmartHarvest Portfolios LLC lifted its stake in shares of iShares Gold Trust by 2.0% in the first quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 129 shares during the period. Retirement Planning Group LLC lifted its stake in shares of iShares Gold Trust by 0.7% in 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 boosted 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 worth $293,000 after buying an additional 131 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted 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 worth $291,000 after buying an additional 142 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust News Summary

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 Trading Down 0.7%

Shares of IAU opened at $75.15 on Friday. The firm’s 50-day moving average is $80.90 and its two-hundred day moving average is $81.74. iShares Gold Trust has a twelve month low of $73.74 and a twelve 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.

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).