Today were released iShares Gold Trust(ETF) (NYSEARCA:IAU)‘s weekly net flows. The ETF registered $-642.83M weekly asset outflows for -7.22% decrease, reaching $8256.03M last week. The chart of iShares Gold Trust(ETF) shows negative weekly 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 0.94% or $0.11 on November 18, hitting $11.63. iShares Gold Trust(ETF) (NYSEARCA:IAU) has declined 3.57% since April 19, 2016 and is downtrending. It has underperformed by 7.43% 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 important 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 published article titled: “iShares Gold Trust (ETF)(IAU) Suspension Lifted After 300 Million New Shares …”, Seekingalpha.com published: “Sentiment Speaks: Hey – You Guys Lied To Me” on November 13, 2016. More interesting news about iShares Gold Trust(ETF) (NYSEARCA:IAU) was released by: Seekingalpha.com and their article: “From The Sublime To The Ridiculous” with publication date: November 10, 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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