Bedminster LLC acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,759 shares of the exchange traded fund’s stock, valued at approximately $3,795,000. iShares Gold Trust makes up approximately 3.5% of Bedminster LLC’s investment portfolio, making the stock its 9th largest position.
Other hedge funds have also modified their holdings of the company. Schmidt P J Investment Management Inc. boosted its position in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 106 shares during the last quarter. Foster Group Inc. boosted its position in iShares Gold Trust by 2.4% during the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 120 shares during the last quarter. Two West Capital Advisors LLC boosted its position in iShares Gold Trust by 1.9% during the fourth quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock worth $571,000 after acquiring an additional 132 shares during the last quarter. Focused Wealth Management Inc boosted its position in iShares Gold Trust by 3.4% during the fourth quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 132 shares during the last quarter. Finally, Evolution Wealth Advisors LLC boosted its position in iShares Gold Trust by 1.5% during the third quarter. Evolution Wealth Advisors LLC now owns 8,875 shares of the exchange traded fund’s stock worth $646,000 after acquiring an additional 135 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.
Key iShares Gold Trust News
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold is still finding support from safe-haven demand and geopolitical uncertainty, with several reports noting the metal holding near very high levels and defending key support zones. Gold firms near $4,700, silver slips as Hormuz talks steady oil – Kitco AM Report
- Positive Sentiment: Weekly U.S. jobless claims rose, which can reinforce the case for eventual easier policy and support gold demand. Spot gold approaching session high after U.S. weekly jobless claims rise to 211k
- Neutral Sentiment: Gold is described as being in a tightening range near a possible breakout zone, suggesting the ETF may stay sensitive to the next macro catalyst rather than trend decisively on its own. Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone
- Negative Sentiment: Hot inflation readings and rising yields have recently weighed on gold, with analysts saying the stronger dollar is also pressuring bullion and weakening momentum. Gold News: Gold Price Struggles as Dollar Rally Extends to Four Days
- Negative Sentiment: Another report said gold weakened after a producer-price shock and higher Treasury yields, reinforcing the near-term headwind for gold-backed funds like IAU. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields
iShares Gold Trust Stock Performance
iShares Gold Trust 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).
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