Midwest Trust Co increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 155,781 shares of the exchange traded fund’s stock after acquiring an additional 9,306 shares during the quarter. Midwest Trust Co’s holdings in iShares Gold Trust were worth $13,734,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Schmidt P J Investment Management Inc. boosted its position in shares of iShares Gold Trust by 1.1% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after purchasing an additional 106 shares during the period. Foster Group Inc. grew its position in iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 120 shares during the last quarter. Haverford Trust Co increased its stake in shares of iShares Gold Trust by 3.4% during the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 120 shares during the period. Evolution Wealth Management Inc. increased its position in iShares Gold Trust by 40.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the period. Finally, Brooks Moore & Associates Inc. grew its holdings in iShares Gold Trust by 2.1% during the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU opened at $77.26 on Monday. The company has a 50-day simple moving average of $81.89 and a 200-day simple moving average of $87.34. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40. The company has a market capitalization of $63.81 billion, a PE ratio of 5.53 and a beta of 0.18.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: Central banks, including Poland’s, are still buying gold on dips, reinforcing a strong underlying demand backdrop for bullion-backed funds like IAU. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
- Positive Sentiment: Several analysts say gold’s selloff may be a pause rather than a trend break, with support holding and a possible rebound if bulls reclaim resistance. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
- Positive Sentiment: Longer-term commentary remains constructive, with some strategists arguing the recent correction has created a buying opportunity and that gold still belongs in portfolios. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
- Neutral Sentiment: Gold is trying to stabilize after a sharp drop, but traders are waiting for CPI and other economic signals before committing to a bigger move in either direction. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
- Neutral Sentiment: Technical outlooks are mixed, with gold testing resistance after a correction and facing risk of further downside if support fails. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On Rising Treasury Yields
- Negative Sentiment: Rising Treasury yields and a firm U.S. dollar are weighing on gold prices, which is the main near-term headwind for IAU. Gold Defends $4,000 Level as Strong Dollar Caps Gains
About iShares Gold Trust
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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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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