Proficio Capital Partners LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,191,169 shares of the exchange traded fund’s stock after purchasing an additional 118,328 shares during the period. iShares Gold Trust accounts for about 6.1% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Proficio Capital Partners LLC owned approximately 0.27% of iShares Gold Trust worth $165,455,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of IAU. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth about $25,000. Monetary Solutions Ltd acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at about $26,000. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the 1st quarter valued at approximately $26,000. Fairway Wealth LLC raised its stake in shares of iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 252 shares in the last quarter. Finally, Rossby Financial LCC lifted its holdings in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Stock Down 0.1%
Shares of IAU stock opened at $83.71 on Tuesday. iShares Gold Trust has a 12 month low of $64.41 and a 12 month high of $104.40. The business’s 50 day moving average is $79.19 and its two-hundred day moving average is $85.21. The company has a market cap of $69.14 billion, a PE ratio of 5.53 and a beta of 0.18.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: Analysts at Julius Baer said the Treasury’s increased bond-buyback plans are renewing concerns about U.S. fiscal policy and potential dollar debasement. Those concerns could encourage investors to add exposure to gold through funds such as IAU. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
- Positive Sentiment: Unusually heavy IAU call-option activity suggests some traders are positioning for a rebound or further upside in the gold ETF, with call volume running well above its typical level.
- Positive Sentiment: Longer-term bullish forecasts remain supportive: Crescat’s Kevin Smith argued that expanding global money supply and unsustainable government debt could sustain gold’s secular bull market. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation
- Neutral Sentiment: Renewed U.S.-Iran and Gulf tensions are lifting oil prices and creating competing forces for gold: geopolitical risk supports safe-haven demand, while higher energy prices raise inflation and interest-rate concerns. Gold price slips as oil spike, Fed-hike odds hit risk appetite
- Negative Sentiment: Fed Chair Kevin Warsh’s hawkish remarks increased expectations for a September rate hike. Higher yields and a firmer dollar raise the opportunity cost of holding non-yielding gold, weighing on IAU. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk
- Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed signal, raising the risk of additional selling pressure across gold-backed funds. Technical analysts are also watching key support levels after the recent selloff. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally
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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