Simplicity Wealth LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 45.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,568 shares of the exchange traded fund’s stock after selling 16,443 shares during the period. Simplicity Wealth LLC’s holdings in iShares Gold Trust were worth $1,725,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Wills Financial Group LLC raised its holdings in iShares Gold Trust by 9.8% during the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after buying an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC purchased a new position in iShares Gold Trust during the fourth quarter worth $1,725,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares Gold Trust by 13.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock worth $67,320,000 after buying an additional 97,852 shares during the period. South Shore Capital Advisors bought a new position in iShares Gold Trust during the fourth quarter valued at $858,000. Finally, AllGen Financial Advisors Inc. increased its position in iShares Gold Trust by 3.4% during the fourth quarter. AllGen Financial Advisors Inc. now owns 378,708 shares of the exchange traded fund’s stock valued at $30,740,000 after acquiring an additional 12,624 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU traded down $0.25 during midday trading on Friday, hitting $77.26. The stock had a trading volume of 2,747,659 shares, compared to its average volume of 11,348,428. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The firm has a market cap of $63.81 billion, a PE ratio of 5.53 and a beta of 0.18. The stock’s 50 day moving average is $81.89 and its 200 day moving average is $87.31.
Key iShares Gold Trust News
- Positive Sentiment: Central banks, including Poland’s, are still buying gold on dips, reinforcing a strong underlying demand backdrop for bullion-backed funds like IAU. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
- Positive Sentiment: Several analysts say gold’s selloff may be a pause rather than a trend break, with support holding and a possible rebound if bulls reclaim resistance. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
- Positive Sentiment: Longer-term commentary remains constructive, with some strategists arguing the recent correction has created a buying opportunity and that gold still belongs in portfolios. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
- Neutral Sentiment: Gold is trying to stabilize after a sharp drop, but traders are waiting for CPI and other economic signals before committing to a bigger move in either direction. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
- Neutral Sentiment: Technical outlooks are mixed, with gold testing resistance after a correction and facing risk of further downside if support fails. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On Rising Treasury Yields
- Negative Sentiment: Rising Treasury yields and a firm U.S. dollar are weighing on gold prices, which is the main near-term headwind for IAU. Gold Defends $4,000 Level as Strong Dollar Caps Gains
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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