Merit Financial Group LLC Has $42.09 Million Position in iShares Gold Trust $IAU

Merit Financial Group LLC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 64.8% during the third quarter, Holdings Channel reports. The institutional investor owned 578,361 shares of the exchange traded fund’s stock after purchasing an additional 227,485 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Gold Trust were worth $42,087,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ehrlich Financial Group boosted its holdings in iShares Gold Trust by 15.3% in the 3rd quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock valued at $3,266,000 after purchasing an additional 5,943 shares during the period. Bay Harbor Wealth Management LLC raised its position in shares of iShares Gold Trust by 63.6% in the third quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock valued at $4,041,000 after buying an additional 21,596 shares in the last quarter. Bryn Mawr Trust Advisors LLC boosted its stake in shares of iShares Gold Trust by 79.9% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after buying an additional 23,054 shares during the period. Farther Finance Advisors LLC grew its position in iShares Gold Trust by 24.8% during the third quarter. Farther Finance Advisors LLC now owns 126,633 shares of the exchange traded fund’s stock worth $9,215,000 after buying an additional 25,146 shares in the last quarter. Finally, Endeavor Private Wealth Inc. increased its stake in iShares Gold Trust by 50.2% during the 3rd quarter. Endeavor Private Wealth Inc. now owns 29,645 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 9,906 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $84.62 on Wednesday. The business has a fifty day moving average price of $79.33 and a two-hundred day moving average price of $71.68. The stock has a market capitalization of $71.28 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $49.88 and a fifty-two week high of $85.68.

iShares Gold Trust News Summary

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

• Positive Sentiment: Geopolitical risk and safe?haven demand are pushing bullion higher, supporting IAU flows and NAV. Recent events in Venezuela and related market reactions have been cited as a key catalyst for renewed precious?metals buying. Read More.
• Positive Sentiment: Fed rate?cut expectations and falling real yields are improving gold’s carry outlook and attractiveness versus bonds, a macro tailwind for IAU. Read More.
• Positive Sentiment: Central?bank buying remains robust (World Gold Council/Kitco reporting of meaningful monthly purchases), tightening available bullion and underpinning price support for physical?backed ETFs like IAU. Read More.
• Positive Sentiment: Technical and market?research notes show a reasserting bull trend and bullish price forecasts that increase momentum flows into gold products, which typically lifts IAU. Read More.
• Neutral Sentiment: Company?level mining updates (GoldStone, ECR, Oriole and others) are moving small?cap equities but have limited direct impact on IAU — the ETF tracks spot gold, so miner production news matters only to the extent it changes supply expectations. Read More. | Read More. | Read More.
• Negative Sentiment: Some outlets flagged short, likely technical pullbacks and profit?taking following sharp gains; such corrections can weigh on near?term ETF flows and create intraday volatility for IAU. Read More.

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).