HighTower Advisors LLC Sells 118,974 Shares of iShares Gold Trust $IAU

HighTower Advisors LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,390,805 shares of the exchange traded fund’s stock after selling 118,974 shares during the period. HighTower Advisors LLC’s holdings in iShares Gold Trust were worth $275,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Gold Trust in the third quarter valued at $25,000. Dakota Community Bank & Trust NA purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at $30,000. Fourth Dimension Wealth LLC grew its stake in shares of iShares Gold Trust by 436.3% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 349 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in iShares Gold Trust in the 3rd quarter worth about $31,000. Finally, Key Capital Management INC purchased a new stake in iShares Gold Trust in the 4th quarter worth about $32,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $85.76 on Tuesday. The stock has a market capitalization of $73.01 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52-week low of $60.67 and a 52-week high of $104.40. The stock’s 50-day simple moving average is $89.03 and its 200 day simple moving average is $86.78.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold rose in Asian trade after reports of hopes for a U.S.-Iran peace deal, reinforcing safe-haven interest in the metal and supporting gold-backed funds like IAU. Gold Rises Amid Hopes for U.S.-Iran Peace Deal
• Positive Sentiment: Gold found support from a pullback in the U.S. dollar, which typically makes bullion more attractive for global buyers. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Pullback
• Positive Sentiment: Gold prices remained firm as traders focused on Strait of Hormuz risks and broader geopolitical uncertainty, keeping demand for defensive assets elevated. Gold price hold steadies, silver rebounds as Hormuz risk keeps oil, yields in focus – PM Report
• Neutral Sentiment: Analysts said gold is holding key support levels, with central bank buying helping offset inflation pressure, suggesting near-term stability rather than a clear breakout. Gold (XAUUSD) & Silver Price Forecast: $4,555 Holds — Can Bulls Reclaim $4,670 Resistance?
• Neutral Sentiment: Some reports noted gold gains were capped by higher oil prices, rising Treasury yields, and concerns that Fed rate hikes could weigh on non-yielding assets such as gold. Gold Consolidates; May be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Earlier reports highlighted a sharp pullback in gold tied to hot inflation data, higher yields, and a stronger dollar, which could continue to pressure bullion if those trends persist. Gold (XAUUSD) Price Forecast: Will Rising Yields Push Gold Toward 52-Week MA

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).