Renaissance Technologies LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 466.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,968 shares of the exchange traded fund’s stock after purchasing an additional 102,068 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares Gold Trust were worth $10,929,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $1,864,000. Bison Wealth LLC raised its position in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares in the last quarter. AQR Capital Management LLC lifted its stake in iShares Gold Trust by 47.0% during the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after purchasing an additional 8,609 shares during the last quarter. Glenview Trust co lifted its stake in iShares Gold Trust by 9.7% during the second quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of iShares Gold Trust by 6.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
Shares of IAU opened at $76.17 on Friday. iShares Gold Trust has a 52-week low of $61.99 and a 52-week high of $104.40. The firm has a market cap of $62.91 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business’s fifty day moving average is $78.68 and its 200-day moving average is $86.56.
iShares Gold Trust News Summary
- Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
- Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
- Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
- Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs
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).
See Also
- Five stocks we like better than iShares Gold Trust
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
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).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
