Northwestern Mutual Wealth Management Co. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 65.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,901,100 shares of the exchange traded fund’s stock after selling 3,675,755 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.23% of iShares Gold Trust worth $154,312,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of IAU. Brighton Jones LLC bought a new position in iShares Gold Trust during the 4th quarter worth approximately $1,864,000. Bison Wealth LLC boosted its stake in iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after acquiring an additional 7,379 shares during the last quarter. AQR Capital Management LLC boosted its stake in iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after acquiring an additional 8,609 shares during the last quarter. Glenview Trust co boosted its stake in iShares Gold Trust by 9.7% during the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in iShares Gold Trust by 6.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 2,172 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
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 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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