Endeavor Private Wealth Inc. increased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 34.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 39,839 shares of the exchange traded fund’s stock after buying an additional 10,194 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in iShares Gold Trust were worth $3,234,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Schmidt P J Investment Management Inc. raised its holdings in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 106 shares in the last quarter. Foster Group Inc. raised its holdings in shares of iShares Gold Trust by 2.4% during the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 120 shares in the last quarter. Nemes Rush Group LLC raised its holdings in shares of iShares Gold Trust by 1.9% during the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 130 shares in the last quarter. Two West Capital Advisors LLC raised its holdings in shares of iShares Gold Trust by 1.9% during the fourth quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock worth $571,000 after acquiring an additional 132 shares in the last quarter. Finally, Focused Wealth Management Inc raised its holdings in shares of iShares Gold Trust by 3.4% during the fourth quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 132 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
Shares of NYSEARCA:IAU opened at $81.22 on Monday. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The business has a fifty day simple moving average of $87.03 and a 200 day simple moving average of $87.59. The firm has a market cap of $69.15 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
Key iShares Gold Trust News
- Negative Sentiment: Gold broke below key technical support, with analysts warning that the metal remains under pressure after inflation fears and hawkish Fed expectations drove a sharp selloff. Gold breaks below key technical support, but analysts see a buying opportunity
- Negative Sentiment: Stronger-than-expected U.S. payrolls triggered broad selling in precious metals as traders bet the Fed may stay hawkish for longer. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed
- Negative Sentiment: Gold fell hard after jumpy U.S. rates and a much stronger-than-expected jobs report boosted yields and weighed on the rate-cut trade. Gold Price Analysis – Gold Drops Hard with Rates Jumping
- Negative Sentiment: Spot gold slipped below $4,500 after the strong jobs report lifted Treasury yields and the dollar, adding to near-term pressure on gold-backed funds. Gold slips below $4,500 as strong jobs report hits rate-cut trade – Kitco AM Report
- Neutral Sentiment: Some analysts say the recent selloff may create a buying opportunity, while longer-term forecasts still call for much higher average gold prices in 2026. Gold demand will drop this year even as supply increases, but average price will still rise 43% in 2026 – Metals Focus
- Neutral Sentiment: Gold has also been described as technically precarious, with some commentary suggesting options markets may be underpricing downside risk. The gold chart looks precarious. Here’s how to profit
- Neutral Sentiment: On the more supportive side, some strategists remain bullish on gold over the longer term, citing deglobalization, inflation pressures, and strategic resource demand. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
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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