AlphaCore Capital LLC Increases Holdings in iShares Gold Trust $IAU

AlphaCore Capital LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 96.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,976 shares of the exchange traded fund’s stock after buying an additional 12,750 shares during the period. AlphaCore Capital LLC’s holdings in iShares Gold Trust were worth $2,108,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IAU. Abich Financial Wealth Management LLC purchased a new position in iShares Gold Trust in the 3rd quarter worth approximately $25,000. Dakota Community Bank & Trust NA purchased a new position in iShares Gold Trust in the 4th quarter worth approximately $30,000. Fourth Dimension Wealth LLC increased its stake in iShares Gold Trust by 436.3% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in iShares Gold Trust in the 3rd quarter worth approximately $31,000. Finally, Key Capital Management INC purchased a new position in iShares Gold Trust in the 4th quarter worth approximately $32,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $85.51 on Friday. The business’s 50 day simple moving average is $89.23 and its two-hundred day simple moving average is $86.62. The stock has a market capitalization of $72.80 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a one year low of $59.71 and a one year high of $104.40.

More iShares Gold Trust News

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

• Positive Sentiment: Some market commentary still points to long-term support for gold from central bank buying and ongoing geopolitical uncertainty, which could help limit downside over time. Central Banks Are Snapping Up Gold ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000
• Neutral Sentiment: Gold remains near a major support zone, and several analysts say that area will determine whether the metal stabilizes or extends its correction. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
• Neutral Sentiment: Longer-term demand for gold is still being supported by safe-haven interest, but that positive backdrop is being offset in the short run by higher rates and dollar strength. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
• Negative Sentiment: Gold prices fell as the dollar strengthened and Treasury yields moved higher, hurting demand for gold as a non-yielding asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
• Negative Sentiment: Several reports describe a broad sell-off in precious metals, with gold breaking key support and silver also sliding, reinforcing bearish momentum in the sector. Gold and silver slammed as Iran war fuels inflation and rate hike fears
• Negative Sentiment: Technical analysis points to a bearish breakdown in gold, with downside risk toward a deeper support zone if selling continues. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support

iShares Gold Trust Company 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).