Crcm LP boosted its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 73.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,249,870 shares of the exchange traded fund’s stock after acquiring an additional 530,148 shares during the quarter. iShares Gold Trust accounts for about 78.7% of Crcm LP’s portfolio, making the stock its largest position. Crcm LP’s holdings in iShares Gold Trust were worth $111,125,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Godfrey Financial Associates Inc. acquired a new stake in iShares Gold Trust during the 4th quarter worth $25,000. Monetary Solutions Ltd acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the first quarter worth about $26,000. Fairway Wealth LLC lifted its stake in shares of iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 252 shares in the last quarter. Finally, Rossby Financial LCC lifted its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 1.1%
IAU opened at $77.69 on Thursday. The firm has a market capitalization of $64.16 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The firm’s 50-day moving average price is $79.97 and its 200 day moving average price is $86.94.
Key Stories Impacting iShares Gold Trust
- Positive Sentiment: Spot gold rose toward the $4,160 area, helped by technical buying, defensive demand, and renewed interest from traders despite firmer Treasury yields and higher crude prices. Gold rallies as buyers test $4,160, oil lifts yields – Kitco PM Report
- Positive Sentiment: Gold broke above key technical resistance, and analysts say a move above the $4,203 area could confirm a broader bullish trend, which may keep momentum supportive for IAU. Gold (XAU/USD) Price Forecast: Breakout Opens the Door to Higher Targets
- Positive Sentiment: John Paulson said gold is in the early stages of a long-term bull market, citing broadening demand from central banks and private investors, reinforcing the long-term bullish case for bullion. John Paulson says we are in the early stages of a long-term bull market for gold
- Positive Sentiment: Several market outlooks said gold and other precious metals are gaining as traders stay bullish, with central-bank buying, geopolitical risk, and safe-haven demand underpinning prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs As Rebound Continues
- Neutral Sentiment: Commentary from Steve Forbes framed gold as protection against currency debasement and inflation risks, but it did not add a fresh catalyst beyond the existing safe-haven narrative. Gold is ‘insurance’ against currency crisis, inflation overreaction, dollar devaluation – Steve Forbes
- Neutral Sentiment: Some analysts warned that rising rates and oil-driven inflation concerns could still pressure gold in the near term, creating a mixed macro backdrop for IAU. Rising economic fears weakening inflation’s stranglehold on gold prices – CRU
- Negative Sentiment: Gold still faces a technical hurdle near $4,200 and its 50-day average, so a failure to break through could limit further upside in the ETF. Gold Price Analysis – Gold Rallies Near $4,200 Resistance Despite Rising Rates
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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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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