Public Employees Retirement System of Ohio bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,017,800 shares of the exchange traded fund’s stock, valued at approximately $76,854,000. Public Employees Retirement System of Ohio owned about 0.12% of iShares Gold Trust at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Haverford Trust Co raised its stake in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 120 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake 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 last quarter. Brooks Moore & Associates Inc. grew its holdings in shares of 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 buying an additional 125 shares in the last quarter. SmartHarvest Portfolios LLC grew its holdings in shares of iShares Gold Trust by 2.0% during the first quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after buying an additional 129 shares in the last quarter. Finally, Nemes Rush Group LLC raised its position in shares of iShares Gold Trust by 1.9% in the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 0.3%
Shares of NYSEARCA IAU opened at $86.62 on Friday. The firm has a 50-day simple moving average of $79.00 and a 200-day simple moving average of $85.38. The stock has a market capitalization of $71.54 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52 week low of $64.09 and a 52 week high of $104.40.
iShares Gold Trust News Summary
- Positive Sentiment: Longer-term demand remains favorable. Analysts cited rising government debt, de-dollarization and currency-debasement concerns as reasons gold could continue climbing, with some forecasts calling for prices above $5,000 or even $5,400. Gold is a clear beneficiary of de-dollarization
- Positive Sentiment: Gold’s bullish trend remains intact as prices hold above major technical support near $4,500-$4,527. A successful defense of the 200-day moving average could reopen upside targets around $4,774-$4,800, supporting IAU. Gold Price Tests $4,527 Support With $4,774 Target in Play
- Neutral Sentiment: Investors are awaiting Kevin Warsh’s Jackson Hole remarks and additional Federal Reserve signals. The outlook is balanced between fiscal concerns that favor gold and the possibility that persistent inflation keeps policy restrictive. Gold (XAUUSD) Price Forecast: Gold Waits on Warsh as Dollar Weakness Stalls
- Negative Sentiment: Near-term gains are constrained by hotter-than-expected PCE inflation, stronger Treasury yields and a firmer dollar, which reduce the appeal of non-yielding gold. Better-than-expected jobless claims also kept the risk of additional Fed tightening alive. Gold steadies near $4,590 as claims dip, Fed hike risk stays live
- Negative Sentiment: Analysts warned that gold may be overbought after a roughly 15% August rally, increasing the risk of profit-taking or a pullback if prices fail to clear resistance near $4,700-$4,800. Gold bulls still in control as market holds well above key support
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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