Birchwood Financial Partners Inc. bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 7,982 shares of the exchange traded fund’s stock, valued at approximately $648,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Wills Financial Group LLC grew its position 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 purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC bought a new stake in iShares Gold Trust during the 4th quarter valued at $1,725,000. Allianz SE raised its holdings in iShares Gold Trust by 2.8% during the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after buying an additional 32,341 shares during the last quarter. Advisory Services Network LLC raised its holdings in iShares Gold Trust by 20.3% during the third quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after buying an additional 35,018 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC lifted its stake in shares of iShares Gold Trust by 2.9% in the third quarter. Mill Creek Capital Advisors LLC now owns 203,287 shares of the exchange traded fund’s stock valued at $14,793,000 after buying an additional 5,749 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 0.4%
iShares Gold Trust stock opened at $79.33 on Friday. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm’s fifty day moving average price is $85.76 and its two-hundred day moving average price is $87.73. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40.
iShares Gold Trust News Summary
- Positive Sentiment: Longer-term demand for gold remains supported by central bank buying and geopolitical uncertainty, with several analysts arguing gold ETFs still belong in diversified portfolios. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
- Positive Sentiment: Some market commentary says central banks are likely to keep increasing gold reserves amid rising geopolitical risks, which could provide ongoing support for gold-backed funds like IAU. Central banks are bringing gold reserves home as geopolitical risks rise
- Neutral Sentiment: Gold briefly found support after the Fed held rates steady, but the market quickly shifted to pricing in a higher-for-longer policy path, limiting the bounce. Gold Rises After Fed Leaves Rates Unchanged
- Negative Sentiment: Gold prices fell as the Fed’s hawkish messaging revived expectations for additional tightening, pushing the dollar higher and pressuring bullion. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
- Negative Sentiment: Recent articles point to continued technical weakness in gold, with prices failing at resistance and testing support levels that could signal more downside if they break. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
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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