Bank Julius Baer & Co. Ltd Zurich grew its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 111.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 393,766 shares of the exchange traded fund’s stock after purchasing an additional 207,420 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in iShares Gold Trust were worth $31,962,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Abich Financial Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the third quarter worth $25,000. Dakota Community Bank & Trust NA acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at $30,000. Fourth Dimension Wealth LLC raised its stake in shares of iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 349 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in iShares Gold Trust in the third quarter valued at $31,000. Finally, Key Capital Management INC purchased a new position in iShares Gold Trust in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
IAU opened at $87.54 on Friday. The business has a fifty day moving average price of $89.45 and a 200 day moving average price of $86.63. iShares Gold Trust has a 12 month low of $59.71 and a 12 month high of $104.40. The stock has a market capitalization of $74.53 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16.
More iShares Gold Trust News
- Positive Sentiment: Gold is still finding support from safe-haven demand and geopolitical uncertainty, with several reports noting the metal holding near very high levels and defending key support zones. Gold firms near $4,700, silver slips as Hormuz talks steady oil – Kitco AM Report
- Positive Sentiment: Weekly U.S. jobless claims rose, which can reinforce the case for eventual easier policy and support gold demand. Spot gold approaching session high after U.S. weekly jobless claims rise to 211k
- Neutral Sentiment: Gold is described as being in a tightening range near a possible breakout zone, suggesting the ETF may stay sensitive to the next macro catalyst rather than trend decisively on its own. Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone
- Negative Sentiment: Hot inflation readings and rising yields have recently weighed on gold, with analysts saying the stronger dollar is also pressuring bullion and weakening momentum. Gold News: Gold Price Struggles as Dollar Rally Extends to Four Days
- Negative Sentiment: Another report said gold weakened after a producer-price shock and higher Treasury yields, reinforcing the near-term headwind for gold-backed funds like IAU. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields
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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