Franklin Resources Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174,520 shares of the exchange traded fund’s stock after selling 61,503 shares during the period. Franklin Resources Inc.’s holdings in iShares Gold Trust were worth $95,336,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Erste Asset Management GmbH grew its stake in shares of iShares Gold Trust by 35.7% in the 4th quarter. Erste Asset Management GmbH now owns 2,585,650 shares of the exchange traded fund’s stock worth $209,877,000 after purchasing an additional 680,000 shares during the last quarter. Landing Point Financial Group LLC grew its stake in shares of iShares Gold Trust by 8.2% in the 4th quarter. Landing Point Financial Group LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,129,000 after purchasing an additional 1,050 shares during the last quarter. Endeavor Private Wealth Inc. grew its stake in shares of iShares Gold Trust by 34.4% in the 4th quarter. Endeavor Private Wealth Inc. now owns 39,839 shares of the exchange traded fund’s stock worth $3,234,000 after purchasing an additional 10,194 shares during the last quarter. Arrowroot Family Office LLC grew its stake in shares of iShares Gold Trust by 4.2% in the 4th quarter. Arrowroot Family Office LLC now owns 10,954 shares of the exchange traded fund’s stock worth $889,000 after purchasing an additional 439 shares during the last quarter. Finally, Ackerman Capital Advisors LLC grew its stake in shares of iShares Gold Trust by 2.6% in the 4th quarter. Ackerman Capital Advisors LLC now owns 105,787 shares of the exchange traded fund’s stock worth $8,587,000 after purchasing an additional 2,653 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
Trending Headlines about iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Negative Sentiment: Spot gold has weakened materially after the latest CPI report, with traders pricing in a less dovish Fed path and higher-for-longer rates weighing on bullion. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
- Negative Sentiment: Technical breakdowns in gold below key support levels, including the 200-day moving average, are signaling the potential for further downside in the metal and related ETFs. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
- Negative Sentiment: Several market updates suggest the selling in gold may continue if real yields stay elevated and investors keep rotating away from safe-haven metals. As gold’s tumble continues, traders bet the pain may last for two more years
- Neutral Sentiment: Some analysts still argue gold remains in a longer-term bull market, but they say the near-term trend is still weak and vulnerable to further volatility. Gold price could triple if 1970s bull market pattern holds, says Jeff Clark
- Neutral Sentiment: Recent commentary on GLD versus IAU is mainly educational, but it reinforces that IAU is a low-cost vehicle that closely tracks the spot price of gold, so weakness in bullion directly affects the fund. GLD vs. IAU: Which Gold ETF Costs You Less Over Time?
iShares Gold Trust Price Performance
iShares Gold Trust Company 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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