Greenspring Advisors LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,884 shares of the exchange traded fund’s stock, valued at approximately $1,208,000.
Other institutional investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at $25,000. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $25,000. Gables Capital Management Inc. boosted its stake in shares of iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 225 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
Shares of iShares Gold Trust stock opened at $83.59 on Thursday. The stock has a market capitalization of $71.16 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. The company has a fifty day moving average of $87.08 and a 200-day moving average of $87.50. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40.
Trending Headlines about iShares Gold Trust
- Neutral Sentiment: Central banks returned to net gold buying in April, led by Poland and China, which supports long-term demand for bullion. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
- Neutral Sentiment: The European Central Bank said gold remains a key reserve asset, reinforcing gold’s role as a strategic store of value. Central banks see gold as the reserve asset of choice – ECB report
- Neutral Sentiment: Technical commentary suggests gold is nearing important support zones, with analysts watching for a breakdown or stabilization signal. Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones
- Neutral Sentiment: Gold is being pressured by stronger U.S. data, including a rising ISM Services PMI and higher job openings, which reduce the case for near-term rate cuts. Gold off session lows after ISM Services PMI rises to 54.5 in May
- Negative Sentiment: Rising Treasury yields, a firmer dollar, and renewed Fed hike fears are weighing on gold prices and hurting the ETF. Gold (XAU/USD) Price Forecast: Gold Price Falls as Fed Hike Fears Return
- Negative Sentiment: Oil strength and hawkish central bank expectations are adding pressure to precious metals, contributing to gold’s recent weakness. Gold and Silver Price Forecast: Oil Surge Pressures Gold Before Jobs Data
- Negative Sentiment: Kitco reported that gold and silver sold off as U.S.-Iran fighting, higher oil, and rising yields pressured non-yielding metals. Gold breaks $4,440 as U.S.-Iran fighting pressures markets – Kitco PM Report
iShares Gold Trust Company 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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