Hsbc Holdings PLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 51.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 646,402 shares of the exchange traded fund’s stock after buying an additional 218,339 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares Gold Trust were worth $52,467,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of IAU. Bank of America Corp DE increased its holdings in shares of iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after purchasing an additional 456,140 shares during the period. LPL Financial LLC grew its position in iShares Gold Trust by 1.5% during the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock worth $1,115,461,000 after buying an additional 203,528 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Gold Trust by 2.0% during the fourth 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 increased its stake in iShares Gold Trust by 6.5% during the third 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 period. Finally, Citigroup Inc. raised its holdings 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 in the last quarter. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Performance
Shares of NYSEARCA IAU opened at $77.51 on Monday. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40. The business has a fifty day simple moving average of $82.89 and a 200 day simple moving average of $87.50. The firm has a market capitalization of $64.02 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.
Key iShares Gold Trust News
- Positive Sentiment: Gold prices jumped after the softer U.S. employment data, boosting demand for gold-backed ETFs like IAU as rate-cut hopes and lower yields improved the appeal of non-yielding assets. Gold nears $4,200 as dollar slips after weak jobs data – Kitco AM Report
- Positive Sentiment: Market commentary pointed to central bank buying, ETF inflows, and diversification demand as ongoing structural support for gold, reinforcing the bullish case for IAU. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
- Positive Sentiment: Several strategists said gold’s recovery above key technical levels signals stabilization and leaves room for further upside if the recent rebound continues. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
- Neutral Sentiment: Reports noted that holiday-weekend trading has been thin, which can exaggerate price moves but does not change the broader gold thesis. Gold Weekly Price Analysis – Gold Extends Weekly Gains as Weak Thursday Jobs Fuel Cut Bets
- Negative Sentiment: Some analysts warned that high U.S. interest rates and a stronger dollar can still cap gold’s upside, limiting how far IAU can run if macro conditions reverse. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
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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