Variant Private Wealth LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 184.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 67,994 shares of the exchange traded fund’s stock after purchasing an additional 44,112 shares during the period. iShares Gold Trust accounts for about 4.7% of Variant Private Wealth LLC’s portfolio, making the stock its 7th largest position. Variant Private Wealth LLC’s holdings in iShares Gold Trust were worth $5,310,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of iShares Gold Trust by 1.3% in the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after buying an additional 109,246 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in iShares Gold Trust by 5.7% in the second quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock valued at $165,455,000 after acquiring an additional 118,328 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares Gold Trust by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock worth $138,941,000 after purchasing an additional 149,558 shares during the period. AlTi Global Inc. increased its holdings in shares of iShares Gold Trust by 5.4% during the 2nd quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after purchasing an additional 84,457 shares in the last quarter. Finally, GM Advisory Group LLC grew its position in iShares Gold Trust by 2.8% during the first quarter. GM Advisory Group LLC now owns 1,569,661 shares of the exchange traded fund’s stock valued at $138,381,000 after buying an additional 42,385 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
NYSEARCA IAU traded up $0.15 on Wednesday, hitting $77.59. The company had a trading volume of 3,111,837 shares, compared to its average volume of 9,100,468. The company has a market capitalization of $61.19 billion, a PE 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 fifty day moving average price is $81.27 and its 200-day moving average price is $81.95.
More iShares Gold Trust News
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold is attempting to establish a bottom near a key demand zone as the U.S. 10-year real yield eases to 2.77%. Lower real yields generally reduce the opportunity cost of holding non-yielding gold. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
- Positive Sentiment: Gold ETF holdings have reached a record, signaling continued investor demand despite recent price weakness. The World Gold Council also estimates tokenized gold could eventually unlock as much as $700 billion in additional demand, creating a longer-term bullish catalyst for bullion and IAU. Gold and Silver Price Forecast Tokenized Gold Could Unlock New Demand
- Neutral Sentiment: Technical indicators remain mixed: gold is holding important support near $4,000-$4,100, while resistance around $4,217-$4,260 must be cleared to confirm a broader bullish reversal. Gold Tests Major Demand Zone
- Negative Sentiment: Higher oil prices are reviving inflation concerns and increasing expectations for additional Federal Reserve tightening. Firmer Treasury yields and a stronger dollar are also weighing on precious metals, limiting upside for IAU. Gold Falls Amid Pressure From Rising Crude Prices
- Negative Sentiment: Markets are assigning high odds to a December rate increase, keeping gold and silver under pressure even as U.S. housing data weakens. The combination of resilient yields, inflation risk and rate-hike expectations is the main near-term headwind for IAU. December Hike Bets Build
- Negative Sentiment: Russia sold approximately 6.2 tonnes of gold in September, reducing its sovereign holdings to the lowest level since 2019. The sale adds a modest source of near-term supply, though its market impact is likely smaller than changes in yields, the dollar and central-bank demand. Russia Sells Gold in September
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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