Wealth Management Partners LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 182,860 shares of the exchange traded fund’s stock after selling 16,859 shares during the period. iShares Gold Trust accounts for approximately 4.6% of Wealth Management Partners LLC’s portfolio, making the stock its 4th biggest holding. Wealth Management Partners LLC’s holdings in iShares Gold Trust were worth $16,121,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in shares of iShares Gold Trust by 1.5% in the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after buying an additional 456,140 shares in the last quarter. LPL Financial LLC grew its stake in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares in the last quarter. Wells Fargo & Company MN grew its stake in iShares Gold Trust by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after acquiring an additional 260,541 shares in the last quarter. UBS Group AG raised its holdings in iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after acquiring an additional 561,489 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
IAU opened at $77.33 on Wednesday. The firm has a market capitalization of $65.83 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The company’s 50 day simple moving average is $85.10 and its two-hundred day simple moving average is $87.71. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40.
Key Stories Impacting iShares Gold Trust
- Positive Sentiment: Some strategists argue the recent pullback in gold has created an attractive entry point for longer-term investors, especially as structural de-dollarization trends remain in place. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
- Positive Sentiment: China’s gold imports hit a 26-month high in May, suggesting robust physical demand from the world’s largest gold market. China gold imports hit 26-month high in May, up 76% YTD
- Positive Sentiment: Gold found some support after U.S. data showed stronger-than-expected June PMI readings, helping it recover from earlier session lows. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
- Neutral Sentiment: Gold is testing a key support zone, and the next move will likely depend on whether buyers defend that area or sellers regain control. Gold (XAU/USD) Price Forecast: Support Zone Faces Critical Test
- Neutral Sentiment: Some commentary suggests gold could stabilize if geopolitical risks or policy uncertainty reassert themselves, though the near-term tone remains mixed. Gold Falls; Macro Challenges to Persist in Near Term
- Negative Sentiment: Gold futures settled lower as macro pressures persisted, with the metal and silver both falling for a third straight session. Comex Gold Settles 1.24% Lower at $4129.90
- Negative Sentiment: Deutsche Bank cut its 2026 gold targets, citing reduced investor demand and Fed repricing as major headwinds. Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops
- Negative Sentiment: Other banks also turned less bullish, with BMO and Morgan Stanley highlighting that hawkish Fed policy and weak ETF inflows could limit gold’s upside. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals
- Negative Sentiment: Gold remains under pressure from a stronger dollar, higher rate-hike odds, and forecasts warning of additional downside if support levels fail. Gold (XAUUSD) Price Forecast: Strong Dollar, PCE Report Threaten More Downside
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).
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