Strategic Investment Solutions Inc. IL trimmed its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 17.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,861 shares of the exchange traded fund’s stock after selling 8,665 shares during the period. iShares Gold Trust makes up about 0.8% of Strategic Investment Solutions Inc. IL’s portfolio, making the stock its 29th largest holding. Strategic Investment Solutions Inc. IL’s holdings in iShares Gold Trust were worth $3,236,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. acquired a new position in shares of iShares Gold Trust during the 3rd quarter valued at $193,639,000. Concurrent Investment Advisors LLC raised its stake in shares of iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after buying an additional 2,008,288 shares in the last quarter. Citigroup Inc. raised its stake in shares of iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of iShares Gold Trust in the third quarter valued at $120,798,000. Finally, Emory University acquired a new stake in shares of iShares Gold Trust in the third quarter valued at $78,661,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust News Roundup
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Longer-term demand for gold remains supported by central bank buying and geopolitical uncertainty, with several analysts arguing gold ETFs still belong in diversified portfolios. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
- Positive Sentiment: Some market commentary says central banks are likely to keep increasing gold reserves amid rising geopolitical risks, which could provide ongoing support for gold-backed funds like IAU. Central banks are bringing gold reserves home as geopolitical risks rise
- Neutral Sentiment: Gold briefly found support after the Fed held rates steady, but the market quickly shifted to pricing in a higher-for-longer policy path, limiting the bounce. Gold Rises After Fed Leaves Rates Unchanged
- Negative Sentiment: Gold prices fell as the Fed’s hawkish messaging revived expectations for additional tightening, pushing the dollar higher and pressuring bullion. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
- Negative Sentiment: Recent articles point to continued technical weakness in gold, with prices failing at resistance and testing support levels that could signal more downside if they break. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
iShares Gold Trust Stock Down 0.4%
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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