Tenet Wealth Partners LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,252 shares of the exchange traded fund’s stock, valued at approximately $2,707,000. iShares Gold Trust accounts for about 2.0% of Tenet Wealth Partners LLC’s portfolio, making the stock its 10th largest holding.
Several other institutional investors also recently made changes to their positions in the stock. Wills Financial Group LLC grew its position in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after purchasing an additional 13,093 shares during the last quarter. Wealth Care LLC bought a new stake in shares of iShares Gold Trust during the first quarter valued at approximately $9,270,000. Greykasell Wealth Strategies Inc. raised its holdings in shares of iShares Gold Trust by 1,107.5% during the fourth quarter. Greykasell Wealth Strategies Inc. now owns 10,240 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 9,392 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in shares of iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock valued at $42,648,000 after buying an additional 14,344 shares during the last quarter. Finally, Outlook Wealth Advisors LLC boosted its position in shares of iShares Gold Trust by 48.7% during the fourth quarter. Outlook Wealth Advisors LLC now owns 24,046 shares of the exchange traded fund’s stock worth $1,952,000 after buying an additional 7,876 shares during the period. 59.67% of the stock is owned by institutional investors.
Trending Headlines about iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold has found some support after the initial selloff, with investors continuing to view the metal as a strategic allocation amid rising government debt, inflation concerns and instability in global bond markets. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
- Positive Sentiment: Gold ETF demand could remain resilient despite higher yields because of inflation, fiscal and currency risks, while central banks continue accumulating bullion. The World Gold Council reported 23 net tonnes of central-bank purchases in July, led by China and Poland. Why Gold ETFs Could Keep Shining Despite Higher Rates
- Positive Sentiment: European reserve-management changes and geopolitical tensions are reinforcing gold’s appeal as a crisis asset. The Netherlands moved roughly 86 tons of gold from North America to London to improve crisis preparedness. Dutch central bank moves gold bars out of U.S. and Canada
iShares Gold Trust Price Performance
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).
See Also
- Five stocks we like better than iShares Gold Trust
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
