Rockefeller Capital Management L.P. Boosts Stake in iShares Gold Trust $IAU

Rockefeller Capital Management L.P. increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,999,238 shares of the exchange traded fund’s stock after acquiring an additional 320,712 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in iShares Gold Trust were worth $162,278,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wills Financial Group LLC grew its holdings 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 valued at $11,943,000 after buying an additional 13,093 shares in the last quarter. Hudson Oak Wealth Advisory LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $1,725,000. Advisory Services Network LLC raised its holdings in shares of iShares Gold Trust by 20.3% during the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after acquiring an additional 35,018 shares during the period. Allianz SE boosted its position in shares of iShares Gold Trust by 2.8% during the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after acquiring an additional 32,341 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 203,287 shares of the exchange traded fund’s stock valued at $14,793,000 after acquiring an additional 5,749 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Summary

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

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

iShares Gold Trust Stock Performance

Shares of IAU opened at $79.33 on Friday. iShares Gold Trust has a 12-month low of $61.37 and a 12-month high of $104.40. The firm has a 50-day moving average price of $85.56 and a 200 day moving average price of $87.67. The firm has a market capitalization of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15.

About iShares Gold Trust

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).