VestGen Advisors LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 35.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,677 shares of the exchange traded fund’s stock after acquiring an additional 45,934 shares during the period. VestGen Advisors LLC’s holdings in iShares Gold Trust were worth $13,720,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of IAU. RFG Advisory LLC lifted its stake in iShares Gold Trust by 35.8% in the 2nd quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after buying an additional 10,263 shares in the last quarter. Wealth Care LLC purchased a new position in iShares Gold Trust during the first quarter worth $9,270,000. Acorn Financial Advisory Services Inc. ADV increased its position in iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock worth $42,648,000 after buying an additional 14,344 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in iShares Gold Trust by 70.2% during the third quarter. Robertson Stephens Wealth Management LLC now owns 32,722 shares of the exchange traded fund’s stock worth $2,556,000 after buying an additional 13,497 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of iShares Gold Trust by 18.2% in the second quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock worth $4,143,000 after acquiring an additional 8,462 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
Key Stories Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Options traders bought a large volume of call options on IAU, indicating that some investors are positioning for additional upside in gold. Traders Buy Large Volume of Call Options on iShares Gold Trust
- Positive Sentiment: Gold continues to attract potential safe-haven interest as weakness in the U.S. housing market raises concerns about economic growth. A major investment firm also said gold could eventually recover substantially, with a path toward $5,000 or higher if support holds. Gold prices holding above $4,000 as U.S. new home sales fall Downside risks are building in gold
- Neutral Sentiment: The Federal Reserve held its policy rate at 3.75%–4.00%, as expected, in a 10-2 vote. Because the decision was already anticipated, its immediate effect on gold and IAU was limited, though markets remain focused on the Fed’s future policy guidance. Gold price drops as Fed votes in favor of rate hold
- Neutral Sentiment: The Bank of Canada also raised rates by 25 basis points while warning of slower near-term growth, underscoring continued global interest-rate uncertainty for precious metals. Gold price after Bank of Canada rate hike
- Negative Sentiment: Gold declined after the Fed meeting as traders reassessed rates, while rising Treasury yields pressured gold and other precious metals. Gold Falls as Traders Mull Fed Decision Gold pulls back as traders prepare for Fed decision
- Negative Sentiment: Technical analysts continue to describe gold’s trend as bearish, with resistance from moving averages and support near $4,000 at risk. Sucden Financial warned that gold could fall toward $3,900 if the Fed maintains a tightening bias, a risk that would weigh on IAU. Gold bearish trend faces critical test Gold prices could fall to $3,900
iShares Gold Trust Stock Up 0.3%
NYSEARCA IAU opened at $76.57 on Thursday. iShares Gold Trust has a fifty-two week low of $74.00 and a fifty-two week high of $104.40. The stock has a market cap of $60.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a fifty day moving average of $80.50 and a 200-day 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).
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