iShares Gold Trust $IAU Shares Sold by Fifth Third Securities Inc.

Fifth Third Securities Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.5% during the 3rd quarter, Holdings Channel reports. The firm owned 267,615 shares of the exchange traded fund’s stock after selling 21,664 shares during the period. iShares Gold Trust makes up approximately 1.1% of Fifth Third Securities Inc.’s investment portfolio, making the stock its 19th biggest position. Fifth Third Securities Inc.’s holdings in iShares Gold Trust were worth $20,901,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IAU. Variant Private Wealth LLC raised its holdings in iShares Gold Trust by 184.7% in the 3rd quarter. Variant Private Wealth LLC now owns 67,994 shares of the exchange traded fund’s stock worth $5,310,000 after purchasing an additional 44,112 shares in the last quarter. LifeWealth Investments LLC boosted its holdings in shares of iShares Gold Trust by 9.8% during the 3rd quarter. LifeWealth Investments LLC now owns 151,407 shares of the exchange traded fund’s stock valued at $11,825,000 after buying an additional 13,566 shares in the last quarter. Sowell Financial Services LLC grew its holdings in iShares Gold Trust by 79.8% in the third quarter. Sowell Financial Services LLC now owns 161,542 shares of the exchange traded fund’s stock worth $12,616,000 after purchasing an additional 71,691 shares during the period. Cushing Capital Partners LLC lifted its holdings in shares of iShares Gold Trust by 1.7% during the third quarter. Cushing Capital Partners LLC now owns 39,390 shares of the exchange traded fund’s stock valued at $3,076,000 after purchasing an additional 640 shares during the last quarter. Finally, Parkside Investments LLC boosted its position in shares of iShares Gold Trust by 3.3% in the 3rd quarter. Parkside Investments LLC now owns 156,855 shares of the exchange traded fund’s stock worth $12,250,000 after purchasing an additional 4,970 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

More iShares Gold Trust News

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

• Positive Sentiment: Gold is attempting to establish a bottom near a key demand zone as the U.S. 10-year real yield eases to 2.77%. Lower real yields generally reduce the opportunity cost of holding non-yielding gold. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
• Positive Sentiment: Gold ETF holdings have reached a record, signaling continued investor demand despite recent price weakness. The World Gold Council also estimates tokenized gold could eventually unlock as much as $700 billion in additional demand, creating a longer-term bullish catalyst for bullion and IAU. Gold and Silver Price Forecast Tokenized Gold Could Unlock New Demand
• Neutral Sentiment: Technical indicators remain mixed: gold is holding important support near $4,000-$4,100, while resistance around $4,217-$4,260 must be cleared to confirm a broader bullish reversal. Gold Tests Major Demand Zone
• Negative Sentiment: Higher oil prices are reviving inflation concerns and increasing expectations for additional Federal Reserve tightening. Firmer Treasury yields and a stronger dollar are also weighing on precious metals, limiting upside for IAU. Gold Falls Amid Pressure From Rising Crude Prices
• Negative Sentiment: Markets are assigning high odds to a December rate increase, keeping gold and silver under pressure even as U.S. housing data weakens. The combination of resilient yields, inflation risk and rate-hike expectations is the main near-term headwind for IAU. December Hike Bets Build
• Negative Sentiment: Russia sold approximately 6.2 tonnes of gold in September, reducing its sovereign holdings to the lowest level since 2019. The sale adds a modest source of near-term supply, though its market impact is likely smaller than changes in yields, the dollar and central-bank demand. Russia Sells Gold in September

iShares Gold Trust Stock Up 0.2%

Shares of NYSEARCA IAU traded up $0.17 during trading on Wednesday, reaching $77.61. The company had a trading volume of 3,111,837 shares, compared to its average volume of 9,100,468. The stock has a market cap of $61.20 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $73.74 and a 12-month high of $104.40. The business’s 50-day moving average is $81.27 and its 200 day moving average is $81.95.

iShares Gold Trust Company Profile

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).