RHL Group LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,817 shares of the exchange traded fund’s stock, valued at approximately $1,365,000. iShares Gold Trust makes up about 1.1% of RHL Group LLC’s portfolio, making the stock its 12th biggest holding.
Other large investors have also recently made changes to their positions in the company. MA Private Wealth raised its stake in shares of iShares Gold Trust by 10.3% during the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after acquiring an additional 14,705 shares in the last quarter. CM Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the third quarter worth approximately $1,531,000. WESCAP Management Group Inc. grew its holdings in shares of iShares Gold Trust by 7.0% in the third quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock worth $32,726,000 after purchasing an additional 29,553 shares during the last quarter. Hudson Oak Wealth Advisory LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $1,725,000. Finally, Allianz SE grew its holdings in shares of iShares Gold Trust by 2.8% in the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after purchasing an additional 32,341 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
Shares of iShares Gold Trust stock opened at $84.81 on Monday. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The stock has a market capitalization of $72.20 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. The company’s 50 day moving average price is $88.05 and its 200-day moving average price is $87.06.
Key Stories Impacting iShares Gold Trust
- Negative Sentiment: Spot gold weakened late Friday as firm Treasury yields, a stronger dollar, and hawkish Fed inflation commentary outweighed some safe-haven demand linked to U.S.-Iran tensions. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
- Negative Sentiment: Multiple intraday reports said precious metals were losing ground because investors fear the Fed may need to raise rates again to fight inflation, which is a headwind for gold-backed funds like IAU. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
- Negative Sentiment: Gold also broke below a key technical channel and remained below recent support levels, signaling continued near-term weakness and limited momentum. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
- Neutral Sentiment: Some reports noted that gold is still in a longer-term bullish structure and may be coiling for a breakout, but near-term trading has been choppy and headline-driven. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
- Neutral Sentiment: Mixed macro data, including weaker consumer sentiment but rising inflation expectations, kept gold trapped in a trading range rather than driving a clear rebound. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8, one-year and long-term inflation expectations rise
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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