iShares Gold Trust $IAU Shares Purchased by RHL Group LLC

RHL Group LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 88,359.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,884 shares of the exchange traded fund’s stock after acquiring an additional 23,857 shares during the quarter. iShares Gold Trust makes up 1.3% of RHL Group LLC’s investment portfolio, making the stock its 17th biggest holding. RHL Group LLC’s holdings in iShares Gold Trust were worth $1,865,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in iShares Gold Trust during the second quarter worth approximately $76,854,000. Crcm LP grew its position in shares of iShares Gold Trust by 73.7% during the first quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock worth $111,125,000 after acquiring an additional 530,148 shares during the last quarter. Eurizon Asset Management Hungary Ltd. purchased a new position in shares of iShares Gold Trust during the first quarter worth approximately $42,494,000. Hamilton Wealth LLC increased its holdings in shares of iShares Gold Trust by 170.8% in the 1st quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock valued at $65,431,000 after acquiring an additional 468,115 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Gold Trust by 1,641.4% in the 1st quarter. Fifth Third Bancorp now owns 380,997 shares of the exchange traded fund’s stock valued at $33,589,000 after acquiring an additional 359,118 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $76.38 on Monday. The stock has a market capitalization of $60.23 billion, a PE ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a 52-week low of $72.71 and a 52-week high of $104.40. The stock’s 50-day moving average price is $78.93 and its 200 day moving average price is $84.33.

More iShares Gold Trust News

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

• Positive Sentiment: Some investors see the midterm-election outcome and prospective government spending as potentially weakening the U.S. dollar, which could support gold. Central-bank buying and a World Bank outlook for elevated gold prices also offer longer-term support. Dems’ spending plans could weaken the dollar and support gold World Bank sees gold holding above $4,000 through 2028
• Neutral Sentiment: Gold’s breakout may signal that its correction is ending, but a pullback is testing whether former resistance can hold as support. Traders are watching roughly $4,000 as support and $4,200 as resistance; the outcome could set the next direction for IAU. Gold breakout signals potential end to correction
• Negative Sentiment: Stronger-than-expected U.S. payroll growth (165,000 jobs) lifted the dollar and renewed concerns that the Federal Reserve may keep rates higher or raise them in December. Higher real yields increase the opportunity cost of holding non-yielding gold, pressuring bullion and IAU; a break below $4,000 could deepen the decline. Gold faces risk to $4,000 support after strong payrolls

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).