Cerity Partners LLC Boosts Stake in iShares Gold Trust $IAU

Cerity Partners LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,282,216 shares of the exchange traded fund’s stock after purchasing an additional 153,179 shares during the period. Cerity Partners LLC’s holdings in iShares Gold Trust were worth $266,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter worth $25,000. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth $25,000. Gables Capital Management Inc. increased its stake in shares of iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares Gold Trust in the 3rd quarter worth $31,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $81.38 on Tuesday. The firm has a market capitalization of $69.28 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The business has a fifty day moving average price of $87.01 and a 200-day moving average price of $87.63.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold is getting support from renewed Middle East tensions and safe-haven demand, helping stabilize prices after recent volatility. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Positive Sentiment: China added another 9.95 tonnes to its gold reserves in May, extending a 19-month buying streak that supports longer-term demand for bullion-backed funds like IAU. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Positive Sentiment: Some traders are buying the dip after gold’s recent sell-off, suggesting near-term bargain hunting could help IAU recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Sell-Off
• Neutral Sentiment: Gold remains below key technical levels and could retest $4,000 if inflation and rate pressures continue, which keeps sentiment cautious. Gold could test $4,000 support as inflation risks loom, but long-term bullish outlook remains
• Negative Sentiment: Stronger U.S. payrolls data reduced expectations for Fed rate cuts, pushing Treasury yields and the dollar higher and weighing on gold prices. Gold News: Gold Price Tumbles as Blowout Payrolls Crush Rate-Cut Hopes

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).