GenWealth Group Inc. increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 726,552 shares of the exchange traded fund’s stock after acquiring an additional 90,030 shares during the quarter. iShares Gold Trust comprises about 8.9% of GenWealth Group Inc.’s portfolio, making the stock its largest holding. GenWealth Group Inc. owned approximately 0.09% of iShares Gold Trust worth $56,744,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Monetary Solutions Ltd purchased a new stake in iShares Gold Trust in the 4th quarter worth $26,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the first quarter valued at about $26,000. Fairway Wealth LLC grew its position in shares of iShares Gold Trust by 525.0% during the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 252 shares in the last quarter. Dunhill Financial LLC increased its holdings in shares of iShares Gold Trust by 72.9% in the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 159 shares during the last quarter. Finally, Harborfront Financial Group LLC bought a new stake in shares of iShares Gold Trust in the second quarter worth about $28,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
More iShares Gold Trust News
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Falling Treasury and real yields, along with a softer U.S. dollar and reduced expectations for an October Fed hike, helped gold recover from its recent selloff—supportive for IAU. Wall Street undecided on gold’s near-term trajectory
- Positive Sentiment: Gold has rebounded from the key $4,000 demand zone for a second consecutive week. Analysts say lower real yields and improving technical structure could support an upside breakout if resistance near $4,200–$4,226 is cleared. Gold Weekly Price Forecast
- Positive Sentiment: Chinese demand remains a fundamental tailwind: the country’s central bank added 23 tonnes to its reserves, while Chinese gold ETFs attracted inflows and holiday demand for jewelry, bars and coins improved. China buys the gold dip
- Neutral Sentiment: Next week’s U.S. housing, manufacturing, employment and consumer-sentiment reports could drive gold and IAU volatility by influencing expectations for the Fed’s interest-rate path. Gold looks to housing, PMI and consumer sentiment data
- Neutral Sentiment: Gold is holding above technical support but faces significant resistance around $4,201 to $4,226, leaving investors divided over whether the recent rebound can develop into a sustained breakout. Gold Price Forecast: Bulls Face Crucial Resistance
- Negative Sentiment: U.S. inflation remains the key headwind. September PPI rose 6.3% year over year and CPI reached 3.7%, increasing the possibility that the Fed keeps rates higher for longer or considers a December hike. Gold holding overnight gains as PPI rises
- Negative Sentiment: Hot inflation and stronger-than-expected retail sales have supported higher-rate expectations, while rising yields and a firmer dollar previously triggered a sharp gold selloff. Gold Lost $100 an Ounce After the Inflation Report
iShares Gold Trust Trading Down 0.2%
NYSEARCA:IAU opened at $78.34 on Friday. The company has a market capitalization of $61.78 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 business’s 50-day moving average is $81.46 and its 200 day moving average is $82.13.
About iShares Gold Trust
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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