Rehmann Capital Advisory Group decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 18.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 87,075 shares of the exchange traded fund’s stock after selling 19,177 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares Gold Trust were worth $6,575,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Brighton Jones LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $1,864,000. Bison Wealth LLC increased its stake in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC raised its holdings in iShares Gold Trust by 47.0% in the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after buying an additional 8,609 shares during the last quarter. Glenview Trust co raised its holdings in iShares Gold Trust by 9.7% in the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in iShares Gold Trust by 6.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 2,172 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
More iShares Gold Trust News
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Analysts at Julius Baer said the Treasury’s increased bond-buyback plans are renewing concerns about U.S. fiscal policy and potential dollar debasement. Those concerns could encourage investors to add exposure to gold through funds such as IAU. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
- Positive Sentiment: Unusually heavy IAU call-option activity suggests some traders are positioning for a rebound or further upside in the gold ETF, with call volume running well above its typical level.
- Positive Sentiment: Longer-term bullish forecasts remain supportive: Crescat’s Kevin Smith argued that expanding global money supply and unsustainable government debt could sustain gold’s secular bull market. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation
- Neutral Sentiment: Renewed U.S.-Iran and Gulf tensions are lifting oil prices and creating competing forces for gold: geopolitical risk supports safe-haven demand, while higher energy prices raise inflation and interest-rate concerns. Gold price slips as oil spike, Fed-hike odds hit risk appetite
- Negative Sentiment: Fed Chair Kevin Warsh’s hawkish remarks increased expectations for a September rate hike. Higher yields and a firmer dollar raise the opportunity cost of holding non-yielding gold, weighing on IAU. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk
- Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed signal, raising the risk of additional selling pressure across gold-backed funds. Technical analysts are also watching key support levels after the recent selloff. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally
iShares Gold Trust Stock Performance
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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