Gateway Wealth Partners LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 87.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 44,105 shares of the exchange traded fund’s stock after buying an additional 20,612 shares during the period. Gateway Wealth Partners LLC’s holdings in iShares Gold Trust were worth $3,888,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wills Financial Group LLC boosted its holdings in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after acquiring an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $1,725,000. South Shore Capital Advisors purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $858,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 purchasing an additional 97,852 shares in the last quarter. Finally, AllGen Financial Advisors Inc. lifted its position in shares of 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 worth $30,740,000 after purchasing an additional 12,624 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Trading Up 0.7%
Shares of IAU stock opened at $76.78 on Tuesday. The company has a market capitalization of $63.41 billion, a PE ratio of 5.53 and a beta of 0.18. The firm has a fifty day simple moving average of $79.37 and a 200-day simple moving average of $86.80. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40.
More iShares Gold Trust News
- Positive Sentiment: Crude oil prices declined after a U.S.-Iran pause in fighting, easing near-term inflation concerns and pushing bond yields and the dollar lower—conditions that generally support gold and IAU. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
- Positive Sentiment: Longer-term demand remains constructive, with central-bank purchases, ETF inflows and rising Asian demand providing support. BMO said China’s gold holdings could surpass U.S. holdings within five years, strengthening the strategic demand outlook for gold. China’s gold stockpile could surpass U.S. holdings
- Positive Sentiment: Analysts at State Street argued that the next major $1,000 move in gold is more likely to be higher if Federal Reserve hawkishness has peaked, offering a potential upside catalyst for IAU once monetary-policy uncertainty clears. Gold’s next $1,000 move is likely higher
- Neutral Sentiment: Gold is consolidating around $4,000 as investors await the Fed’s guidance. The decision and forthcoming PCE inflation report could determine whether precious metals break higher or remain range-bound. Gold and Silver Price Forecast
- Negative Sentiment: Gold has struggled to sustain moves above $4,100, with lackluster Western demand and expectations for restrictive U.S. interest rates limiting safe-haven buying. A stronger dollar, higher yields or a hawkish Fed tone could pressure IAU. Gold remains stuck below $4,100
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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