United Asset Strategies Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 40.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,497 shares of the exchange traded fund’s stock after selling 5,693 shares during the period. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $690,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in iShares Gold Trust by 1.5% during the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after acquiring an additional 456,140 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after acquiring an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Gold Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after acquiring an additional 2,245,617 shares in the last quarter. UBS Group AG lifted its position in iShares Gold Trust by 6.5% during the third quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after purchasing an additional 561,489 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in iShares Gold Trust by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Down 1.0%
IAU stock opened at $88.34 on Friday. iShares Gold Trust has a 52 week low of $59.71 and a 52 week high of $104.40. The company has a fifty day simple moving average of $91.67 and a two-hundred day simple moving average of $85.59. The firm has a market capitalization of $75.21 billion, a P/E ratio of 5.53 and a beta of 0.20.
Key Headlines Impacting iShares Gold Trust
- Positive Sentiment: Central banks are still large net buyers of physical gold, supporting structural demand and limiting downside for bullion. Gold (XAUUSD) & Silver Price Forecast
- Positive Sentiment: Geopolitical tensions in the Middle East and reports of China and other buyers stepping in create safe-haven demand that can prop up gold and IAU on dips. Gold demand anchored in mispriced risk as China buying signals ‘dip’ opportunity
- Neutral Sentiment: Some gold funds have pulled back after big gains; selloffs appear driven in part by profit‑taking rather than a collapse in fundamentals. Gold Funds Have Dipped
- Neutral Sentiment: Broad-market cues are mixed (futures and sector rotation), so flows into or out of gold ETFs like IAU may hinge on short-term risk appetite. Dow futures tumble 130 points
- Negative Sentiment: Strong U.S. dollar, rising Treasury yields and an oil surge above $100 have raised inflation/terminal‑rate worries and reduced gold’s appeal, pressuring prices and IAU. Gold News: Strong Dollar and Oil Spike Pressure Gold Price Outlook
- Negative Sentiment: Technical signals show recent breakdowns (rising‑wedge failure) and forecasts flag lower targets, raising the risk of further near‑term weakness for gold and IAU. Gold (XAU/USD) Price Forecast: Wedge Breakdown Signals Further Weakness
- Negative Sentiment: Recent reports show gold dipping to two‑week lows after oil and rate‑sensitivity headlines, a direct drag on ETF flows into IAU. Gold hits two-week low: are rising oil prices to blame?
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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