iShares Gold Trust $IAU Shares Bought by Hamilton Wealth LLC

Hamilton Wealth LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 170.8% in the first quarter, Holdings Channel reports. The fund owned 742,179 shares of the exchange traded fund’s stock after acquiring an additional 468,115 shares during the quarter. iShares Gold Trust accounts for 4.6% of Hamilton Wealth LLC’s portfolio, making the stock its 8th largest holding. Hamilton Wealth LLC’s holdings in iShares Gold Trust were worth $65,431,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in iShares Gold Trust in the fourth quarter valued at about $25,000. Monetary Solutions Ltd bought a new position in iShares Gold Trust in the 4th quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC bought a new position in iShares Gold Trust in the 1st quarter valued at approximately $26,000. Fairway Wealth LLC boosted its position in iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 252 shares during the period. Finally, Rossby Financial LCC grew its holdings in iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds 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 prices rallied modestly after the Fed held rates steady, providing near-term support for IAU. The decision reduced immediate fears of another rate increase, although the Fed retained a tightening bias. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Technical analysts see early signs of a bullish reversal after gold defended key support, with a breakout above resistance potentially opening the way for further gains. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Retail demand for physical and digital precious metals is beginning to recover after a prolonged correction, suggesting dip-buying interest that could help stabilize gold and support IAU. Retail investors buy the dip as Royal Mint reports solid demand
• Neutral Sentiment: Gold held above the psychologically important $4,000-per-ounce level, but traders remain defensive and volatility could increase as markets assess the Fed’s guidance, bond yields and geopolitical developments. Gold holds above $4,000 as Fed decision keeps traders defensive
• Negative Sentiment: A hawkish monetary-policy backdrop, elevated yields and expectations that rates may remain higher for longer continue to pressure gold, limiting IAU’s upside. Gold drops amid hawkish monetary policy backdrop
• Negative Sentiment: Continued selling of unwanted gold jewelry indicates that consumers are taking advantage of elevated prices, while analysts warn gold could remain range-bound or under pressure amid the Iran conflict and inflation uncertainty. Investors are still cashing in unwanted gold jewelry

iShares Gold Trust Stock Performance

IAU stock opened at $76.04 on Thursday. The company has a market capitalization of $62.80 billion, a P/E ratio of 5.53 and a beta of 0.18. The company has a fifty day moving average price of $79.01 and a 200-day moving average price of $86.68. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40.

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).