NewEdge Advisors LLC Grows Holdings in iShares Gold Trust $IAU

NewEdge Advisors LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 4.0% in the second quarter, HoldingsChannel reports. The fund owned 756,577 shares of the exchange traded fund’s stock after acquiring an additional 29,326 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Gold Trust were worth $57,129,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. LPL Financial LLC increased its stake in shares of iShares Gold Trust by 1.5% in 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 purchasing an additional 203,528 shares in the last quarter. Wells Fargo & Company MN boosted its position in iShares Gold Trust by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after purchasing an additional 260,541 shares in the last quarter. BlackRock Inc. boosted its position in iShares Gold Trust by 1.3% during the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after purchasing an additional 109,246 shares in the last quarter. Citigroup Inc. grew its holdings in 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 purchasing an additional 1,893,594 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in iShares Gold Trust by 2.3% in the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold’s longer-term outlook remains constructive. Société Générale said synchronized positioning across physical gold, futures, options and ETFs indicates a broad-based bull market. Synchronized build-up of gold exposure
• Positive Sentiment: China’s central bank bought 20.2 metric tonnes of gold in August, its largest monthly purchase since October 2023, providing support for official-sector demand. China central bank gold purchase
• Positive Sentiment: Goldman Sachs metals executive Anthony Kim expects the bull trend to resume and sees fresh all-time highs over the medium term. Debt-free major miners may also increase gold purchases or shareholder returns as cash builds. Gold miners and future buying
• Neutral Sentiment: Gold is consolidating near major resistance, with technical analysts identifying roughly $4,500–$4,511 as a key breakout area. U.S. CPI and PPI data could determine the next direction. Gold breakout forecast
• Neutral Sentiment: Renewed U.S.-Iran tensions and dollar weakness offer safe-haven support, but their impact is competing with interest-rate concerns. Iran risks and metals forecast
• Negative Sentiment: Rising crude oil prices and elevated Treasury yields increased expectations for a more hawkish Fed, pressuring non-yielding gold and IAU. Gold price and oil report
• Negative Sentiment: Stronger U.S. employment data revived rate-hike bets, while traders await inflation data that could reinforce higher-rate expectations. Gold falls on hawkish Fed expectations

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $81.95 on Wednesday. The stock has a market capitalization of $67.68 billion, a PE ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 12 month low of $68.17 and a 12 month high of $104.40. The business has a 50 day simple moving average of $80.01 and a 200-day simple moving average of $84.74.

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).