May Hill Capital LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 130.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,912 shares of the exchange traded fund’s stock after purchasing an additional 35,104 shares during the period. iShares Gold Trust accounts for about 0.7% of May Hill Capital LLC’s investment portfolio, making the stock its 29th largest holding. May Hill Capital LLC’s holdings in iShares Gold Trust were worth $5,025,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $25,000. Dakota Community Bank & Trust NA bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $30,000. Fourth Dimension Wealth LLC raised its holdings in iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $31,000. Finally, Key Capital Management INC bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $32,000. Institutional investors own 59.67% of the company’s stock.
Key Stories Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Some market commentary still points to long-term support for gold from central bank buying and ongoing geopolitical uncertainty, which could help limit downside over time. Central Banks Are Snapping Up Gold ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000
- Neutral Sentiment: Gold remains near a major support zone, and several analysts say that area will determine whether the metal stabilizes or extends its correction. Wall Street sees gold dropping further as yields and the dollar strengthen, Main Street maintains bullish bias as $4,500 emerges as critical support
- Neutral Sentiment: Longer-term demand for gold is still being supported by safe-haven interest, but that positive backdrop is being offset in the short run by higher rates and dollar strength. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
- Negative Sentiment: Gold prices fell as the dollar strengthened and Treasury yields moved higher, hurting demand for gold as a non-yielding asset. Gold News: Gold Price Breaks Lower as Dollar Hits 99 and Yields Surge
- Negative Sentiment: Several reports describe a broad sell-off in precious metals, with gold breaking key support and silver also sliding, reinforcing bearish momentum in the sector. Gold and silver slammed as Iran war fuels inflation and rate hike fears
- Negative Sentiment: Technical analysis points to a bearish breakdown in gold, with downside risk toward a deeper support zone if selling continues. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
iShares Gold Trust Stock Performance
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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