TIAA Trust National Association increased its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 707,627 shares of the exchange traded fund’s stock after buying an additional 40,071 shares during the period. TIAA Trust National Association’s holdings in iShares Gold Trust were worth $57,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. MA Private Wealth grew its position in iShares Gold Trust by 10.3% in the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after purchasing an additional 14,705 shares during the last quarter. WESCAP Management Group Inc. grew its position in iShares Gold Trust by 7.0% in the 3rd quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock worth $32,726,000 after purchasing an additional 29,553 shares during the last quarter. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust in the 4th quarter worth $1,725,000. Allianz SE grew its position in iShares Gold Trust by 2.8% in the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after purchasing an additional 32,341 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in iShares Gold Trust by 20.3% in the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after purchasing an additional 35,018 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
NYSEARCA IAU opened at $81.38 on Tuesday. The firm has a market capitalization of $69.28 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The company’s fifty day moving average is $87.01 and its two-hundred day moving average is $87.63. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40.
Key Stories Impacting iShares Gold Trust
- Positive Sentiment: Gold is getting support from renewed Middle East tensions and safe-haven demand, helping stabilize prices after recent volatility. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
- Positive Sentiment: China added another 9.95 tonnes to its gold reserves in May, extending a 19-month buying streak that supports longer-term demand for bullion-backed funds like IAU. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
- Positive Sentiment: Some traders are buying the dip after gold’s recent sell-off, suggesting near-term bargain hunting could help IAU recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Sell-Off
- Neutral Sentiment: Gold remains below key technical levels and could retest $4,000 if inflation and rate pressures continue, which keeps sentiment cautious. Gold could test $4,000 support as inflation risks loom, but long-term bullish outlook remains
- Negative Sentiment: Stronger U.S. payrolls data reduced expectations for Fed rate cuts, pushing Treasury yields and the dollar higher and weighing on gold prices. Gold News: Gold Price Tumbles as Blowout Payrolls Crush Rate-Cut Hopes
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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