Ridgeline Wealth Planning LLC Makes New Investment in iShares Gold Trust $IAU

Ridgeline Wealth Planning LLC acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,671 shares of the exchange traded fund’s stock, valued at approximately $1,840,000. iShares Gold Trust accounts for approximately 1.3% of Ridgeline Wealth Planning LLC’s holdings, making the stock its 12th largest position.

Several other large investors also recently added to or reduced their stakes in IAU. Abich Financial Wealth Management LLC bought a new stake in iShares Gold Trust during the third quarter valued at $25,000. Mountain Hill Investment Partners Corp. bought a new stake in iShares Gold Trust during the third quarter valued at $29,000. Dakota Community Bank & Trust NA bought a new stake in iShares Gold Trust during the fourth quarter valued at $30,000. Fourth Dimension Wealth LLC boosted its stake in iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 349 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in iShares Gold Trust during the third quarter valued at $31,000. Institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Gold moved higher as falling Treasury yields and weaker U.S. data boosted demand for the metal, a direct tailwind for iShares Gold Trust (IAU). Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: China and other central banks reportedly continued buying gold on dips, supporting long-term demand for the metal and for IAU. China and other central banks continue to buy the dip in gold
• Positive Sentiment: Disappointing consumer sentiment and softer inflation expectations pushed spot gold to session highs, reinforcing the bullish setup for iShares Gold Trust (IAU). Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold extended gains after payrolls topped forecasts, while ongoing geopolitical tensions and safe-haven demand kept support under the metal. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Neutral Sentiment: Commentary on iShares Gold Trust versus SPDR Gold Trust focused on the ETF fee difference rather than a new catalyst for gold prices. iShares Gold Trust vs SPDR Gold Trust: The 0.15% Fee Gap That Matters More Than You Think
• Negative Sentiment: Some reports noted gold rallies fading when oil rebounded and Treasury yields moved higher, which could pressure IAU if those trends persist. Gold News: Gold Rally Fades as Oil Rebounds and Treasury Yields Turn Higher

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $88.87 on Friday. The firm has a market capitalization of $75.66 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52-week low of $59.71 and a 52-week high of $104.40. The stock has a fifty day moving average of $90.41 and a 200 day moving average of $86.28.

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).