RFG Advisory LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 35.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 38,956 shares of the exchange traded fund’s stock after purchasing an additional 10,263 shares during the period. RFG Advisory LLC’s holdings in iShares Gold Trust were worth $2,942,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of iShares Gold Trust by 35.7% during the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Gold Trust by 18.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after purchasing an additional 1,019,135 shares during the period. Public Employees Retirement System of Ohio bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $76,854,000. Orion Porfolio Solutions LLC increased its stake in iShares Gold Trust by 503.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after purchasing an additional 776,215 shares in the last quarter. Finally, VCU Investment Management Co acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $61,835,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
Shares of IAU opened at $81.27 on Friday. iShares Gold Trust has a twelve month low of $68.17 and a twelve month high of $104.40. The firm’s 50 day moving average price is $80.22 and its two-hundred day moving average price is $84.56. The firm has a market cap of $67.12 billion, a P/E ratio of 5.53 and a beta of 0.19.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: Gold continues to benefit from structural investment demand. The World Gold Council reported approximately $18 billion of inflows into gold ETFs in August, while UBS said fiscal concerns, geopolitical uncertainty and strong sovereign demand support building strategic gold exposure. World Gold Council ETF inflows article
- Positive Sentiment: Analysts said central-bank gold movements largely reflect repatriation amid sanctions and custody concerns rather than outright liquidation, preserving an important source of long-term demand. StoneX central-bank gold analysis
- Neutral Sentiment: Gold is testing technical support after consolidating below the $4,500 resistance area. A successful defense could set up a rebound, but a break below key levels may trigger additional algorithmic and fund selling. Gold technical support forecast
- Neutral Sentiment: Kalshi’s launch of CFTC-approved perpetual futures for gold and silver expands trading access and could improve market participation, although it may also increase short-term volatility. Kalshi precious-metals perpetual futures article
- Negative Sentiment: A hotter-than-expected U.S. producer-price report, a surge in oil prices and Treasury yields above 4.9% increased expectations for a more hawkish Federal Reserve. Higher yields raise the opportunity cost of holding non-yielding gold and were the primary driver of the latest bullion selling. Kitco gold and silver market report
- Negative Sentiment: TD Securities warned that CTAs and major funds could accelerate selling if gold breaks technical support. Steady jobless claims and the ECB’s rate hike added to the pressure ahead of U.S. CPI data. TD Securities gold support analysis
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).
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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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