Apeiron RIA LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 13.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,364 shares of the exchange traded fund’s stock after purchasing an additional 10,194 shares during the quarter. iShares Gold Trust accounts for about 1.5% of Apeiron RIA LLC’s investment portfolio, making the stock its 18th largest holding. Apeiron RIA LLC’s holdings in iShares Gold Trust were worth $6,777,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IAU. Evolution Wealth Management Inc. lifted its stake in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares during the last quarter. Brooks Moore & Associates Inc. lifted its holdings in shares of iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 125 shares in the last quarter. SmartHarvest Portfolios LLC grew its position in shares of iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 129 shares in the last quarter. Retirement Wealth Solutions LLC increased its stake in iShares Gold Trust by 2.4% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock worth $465,000 after acquiring an additional 145 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in iShares Gold Trust by 2.6% in the first quarter. Fulton Bank N.A. now owns 5,742 shares of the exchange traded fund’s stock valued at $506,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 0.7%
Shares of NYSEARCA IAU traded up $0.56 during mid-day trading on Thursday, reaching $77.62. 1,676,472 shares of the company were exchanged, compared to its average volume of 9,326,739. The company’s 50 day moving average price is $81.47 and its 200 day moving average price is $82.39. iShares Gold Trust has a 52 week low of $73.74 and a 52 week high of $104.40. The stock has a market capitalization of $61.21 billion, a PE ratio of 5.53 and a beta of 0.18.
Key Stories Impacting iShares Gold Trust
- Positive Sentiment: Longer-term support remains intact from central-bank buying and portfolio diversification. China purchased 21 tonnes of gold in September, extending its buying streak to 23 consecutive months, while global central banks added 39 net tonnes in August. These purchases could help limit gold’s downside over time. China’s central bank buys 21 tonnes of gold in September
- Positive Sentiment: Some analysts view the recent decline—gold is down about 13% over six months—as a potential long-term entry point, citing continued central-bank demand, diversification needs and the possibility that interest-rate conditions eventually become more favorable. Gold ETF Down 13% in Six Months
- Neutral Sentiment: Strategist Peter Schiff argued that higher yields and potential economic stress could ultimately benefit gold, but his outlook is contrarian and does not offset the market’s current preference for interest-bearing assets. Peter Schiff discusses rising yields and gold
- Negative Sentiment: The Federal Reserve signaled that additional rate increases may still be needed. The resulting rise in bond yields and stronger dollar are reducing demand for non-yielding gold, pushing bullion to a roughly two-month low and weighing directly on IAU. Gold falls to a two-month low as the Fed signals another hike
- Negative Sentiment: Better-than-expected U.S. jobless claims, at 197,000, reinforce perceptions of a resilient economy and give the Fed more room to maintain restrictive policy. Technical analysts also warn that gold is testing support near $4,100, raising the risk of further declines if that level breaks. Gold and silver forecast as Fed minutes weigh
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).
Read More
- Five stocks we like better than iShares Gold Trust
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
- This Space ETF Offers SpaceX Exposure—But Investors Are Paying for the Volatilit
- Does Lemonade’s Growth Signal Profits Ahead?
- These 3 ETFs Could Benefit From the Parts of Inflation That Won’t Go Away
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.
