First Foundation Advisors increased its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,898 shares of the exchange traded fund’s stock after buying an additional 10,503 shares during the period. iShares Gold Trust comprises approximately 1.0% of First Foundation Advisors’ investment portfolio, making the stock its 20th biggest holding. First Foundation Advisors’ holdings in iShares Gold Trust were worth $27,752,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Life Line Wealth Management LLC boosted its position in iShares Gold Trust by 30.8% during the 4th quarter. Life Line Wealth Management LLC now owns 834,406 shares of the exchange traded fund’s stock valued at $67,729,000 after acquiring an additional 196,475 shares in the last quarter. Purkiss Capital Advisors LLC raised its position in shares of iShares Gold Trust by 7.3% in the 4th quarter. Purkiss Capital Advisors LLC now owns 177,693 shares of the exchange traded fund’s stock worth $14,423,000 after acquiring an additional 12,085 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in shares of iShares Gold Trust by 21.4% during the 4th quarter. Meridian Wealth Management LLC now owns 11,484 shares of the exchange traded fund’s stock worth $932,000 after purchasing an additional 2,027 shares during the last quarter. Money Concepts Capital Corp boosted its position in iShares Gold Trust by 320.5% during the fourth quarter. Money Concepts Capital Corp now owns 20,347 shares of the exchange traded fund’s stock valued at $1,652,000 after purchasing an additional 15,508 shares in the last quarter. Finally, Bailard Inc. boosted its position in iShares Gold Trust by 1.1% during the fourth quarter. Bailard Inc. now owns 46,724 shares of the exchange traded fund’s stock valued at $3,793,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust News Summary
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Several analysts remain constructive on gold over the medium term, with forecasts calling for higher prices later this year as debt concerns, central bank demand, and ongoing ETF inflows support the metal. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
- Positive Sentiment: Gold bull commentary and reports of fresh global gold ETF inflows suggest continued investor demand for the metal despite inflation-driven volatility. Global gold ETFs see fresh inflows despite rising inflation risks
- Neutral Sentiment: Gold is hovering around a key technical resistance zone, leaving traders focused on whether it breaks higher or slips back toward support. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
- Negative Sentiment: Hot CPI data strengthened the dollar and yields, weighing on gold prices and reducing near-term appeal for IAU. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
- Negative Sentiment: Rising Treasury yields and a stronger dollar continued to pressure precious metals, keeping gold under short-term downside pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Bet On Hawkish Fed
iShares Gold Trust Price Performance
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).
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