ETF Alert: iShares Gold Trust(ETF) Recorded $-123.50M Redemptions After -1.30% AUM Decrease

ETF Alert: iShares Gold Trust(ETF) Recorded $ 123.50M Redemptions After  1.30% AUM Decrease

Today were reported iShares Gold Trust(ETF) (NYSEARCA:IAU)‘s daily net flows. The ETF registered $-123.50M asset outflows for -1.30% decrease, reaching $9397.73M after yestarday’s trading session. The chart of iShares Gold Trust(ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 1.47% or $0.18 during the last trading session, hitting $12.1. iShares Gold Trust(ETF) (NYSEARCA:IAU) has declined 0.17% since April 11, 2016 and is downtrending. It has underperformed by 6.31% the S&P500.

The ETF’s YTD performance is 20.43%, the 1 year is 11.8% and the 3 year is -1.38%.

iShares Gold Trust(ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. iShares Gold Trust(ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Gold for 100.00% of assets.

More notable recent iShares Gold Trust(ETF) (NYSEARCA:IAU) news were published by: Wsj.com which released: “BlackRock Gold ETF Snafu Could Expose It to Penalties” on March 07, 2016, also Etfdailynews.com with their article: “iShares Gold Trust (ETF)(IAU) Suspension Lifted After 300 Million New Shares …” published on March 09, 2016, Nasdaq.com published: “iShares Gold Trust Breaks Below 200-Day Moving Average – Notable for IAU” on November 08, 2016. More interesting news about iShares Gold Trust(ETF) (NYSEARCA:IAU) were released by: Seekingalpha.com and their article: “From The Sublime To The Ridiculous” published on November 10, 2016 as well as Etfdailynews.com‘s news article titled: “Analyst: Here’s Why Gold ETFs Could Soon Surge Higher” with publication date: September 08, 2016.

IAU Company Profile

iShares Gold Trust (the Trust), incorporated on January 21, 2005, 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).

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