Patriot Financial Group Insurance Agency LLC raised its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 91.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,264 shares of the exchange traded fund’s stock after purchasing an additional 73,831 shares during the quarter. iShares Gold Trust accounts for approximately 0.8% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 21st biggest holding. Patriot Financial Group Insurance Agency LLC’s holdings in iShares Gold Trust were worth $13,600,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of iShares Gold Trust by 1.5% during the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after buying an additional 456,140 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares during the period. Wells Fargo & Company MN boosted its holdings in iShares Gold Trust by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after acquiring an additional 260,541 shares during the period. UBS Group AG grew its position in iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after acquiring an additional 561,489 shares during the last quarter. Finally, Citigroup Inc. grew its position in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
Trending Headlines about iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold gained ground as Treasury yields eased and the dollar moved away from recent highs, helping precious metals recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
- Positive Sentiment: Weakness in consumer sentiment and easing inflation expectations supported gold, with spot prices reaching session highs near $4,080 an ounce. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
- Positive Sentiment: Gold has been bouncing from the $4,000 area, which traders are viewing as a potential floor after recent selloffs. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
- Positive Sentiment: Robert Kiyosaki said he was wrong to doubt gold and plans to buy more, adding to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
- Neutral Sentiment: Gold is still holding around the key $4,000 level, with some reports calling the short-term structure neutral while central bank demand remains supportive longer term. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
- Negative Sentiment: Several technical analysts say gold has broken key trendline support, signaling the risk of a deeper decline unless resistance is reclaimed. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
- Negative Sentiment: Other reports warn that gold remains under pressure from a hawkish Fed, a strong dollar, and expectations that prices could weaken further if support near $4,000 fails. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
iShares Gold Trust Stock Up 1.1%
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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