Focus Financial Network Inc. decreased its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 46.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 22,552 shares of the exchange traded fund’s stock after selling 19,762 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares Gold Trust were worth $1,761,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in shares of iShares Gold Trust during the second quarter worth $76,854,000. VCU Investment Management Co acquired a new position in iShares Gold Trust during the 4th quarter worth about $61,835,000. Crcm LP lifted its position in iShares Gold Trust by 73.7% during the 1st quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock worth $111,125,000 after buying an additional 530,148 shares in the last quarter. Gotham Asset Management LLC lifted its position in iShares Gold Trust by 184.0% during the 4th quarter. Gotham Asset Management LLC now owns 796,388 shares of the exchange traded fund’s stock worth $64,643,000 after buying an additional 515,975 shares in the last quarter. Finally, Eurizon Asset Management Hungary Ltd. bought a new stake in iShares Gold Trust during the 1st quarter worth about $42,494,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Down 1.5%
Shares of NYSEARCA:IAU opened at $77.07 on Thursday. The firm has a market cap of $60.78 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12 month low of $73.74 and a 12 month high of $104.40. The company’s 50-day moving average price is $81.55 and its two-hundred day moving average price is $82.20.
Key iShares Gold Trust News
- Positive Sentiment: Jefferies characterized gold’s recent weakness as a potential buying opportunity and forecast prices could reach $5,000 in 2027, supported by continued demand and healthy mining-sector margins. Gold’s weakness is a buying opportunity as Jefferies sees $5,000 price in 2027
- Positive Sentiment: UBP said gold may have absorbed much of the recent yield-driven selling. Easing rate-hike expectations, an improvement in geopolitical tensions and a possible Treasury gold revaluation could support bullion later this year. U.S. Treasury’s gold revaluation could restart the debasement trade
- Neutral Sentiment: Technical analysts are watching the $4,000–$4,200 area as an important demand zone. A hold could encourage stabilization, while a break below nearby support would signal additional downside risk for gold and IAU. Gold price forecast: Selling pressure threatens support
- Negative Sentiment: Gold fell below $4,100 after the inflation report, with rising yields, a stronger dollar and renewed Fed-tightening expectations weighing on demand. Gold falls below $4,100 as hot CPI boosts Fed hike bets
- Negative Sentiment: Analysts warned that a break below $4,066 could expose gold to support near $4,028 and $3,942, reinforcing the near-term technical pressure affecting IAU. Gold selling pressure threatens $4,066 support
- Negative Sentiment: Kazakhstan plans to sell part of its unusually large gold reserves, adding a potential source of supply and reducing support from central-bank buying. Kazakhstan plans gold sales as holdings reach 78% of reserves
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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