Renaissance Technologies LLC Purchases 102,068 Shares of iShares Gold Trust $IAU

Renaissance Technologies LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 466.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,968 shares of the exchange traded fund’s stock after purchasing an additional 102,068 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares Gold Trust were worth $10,929,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in IAU. Concurrent Investment Advisors LLC increased its position in iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after buying an additional 2,008,288 shares during the period. Citigroup Inc. grew its stake in shares of iShares Gold Trust by 35.7% in the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Gold Trust by 18.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after acquiring an additional 1,019,135 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in iShares Gold Trust by 503.7% during the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after acquiring an additional 776,215 shares during the period. Finally, VCU Investment Management Co acquired a new stake in iShares Gold Trust in the 4th quarter worth about $61,835,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.5%

Shares of iShares Gold Trust stock opened at $76.17 on Friday. The stock has a market capitalization of $62.91 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $61.99 and a twelve month high of $104.40. The company has a 50-day simple moving average of $78.68 and a two-hundred day simple moving average of $86.56.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).