Norris Financial Group LLC Acquires Shares of 236,569 iShares Gold Trust $IAU

Norris Financial Group LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 236,569 shares of the exchange traded fund’s stock, valued at approximately $20,856,000. iShares Gold Trust accounts for about 6.8% of Norris Financial Group LLC’s investment portfolio, making the stock its 2nd biggest position.

Other large investors have also added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. lifted its position in shares of iShares Gold Trust by 1.1% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after acquiring an additional 106 shares during the period. Haverford Trust Co increased its position in shares of iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 120 shares during the period. Evolution Wealth Management Inc. raised its stake in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. Brooks Moore & Associates Inc. raised its stake in iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after purchasing an additional 125 shares in the last quarter. Finally, SmartHarvest Portfolios LLC lifted its position in iShares Gold Trust by 2.0% during the first quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: June PCE inflation came in softer than expected, while the U.S. dollar weakened. Lower inflation and currency pressure can improve gold’s appeal by increasing expectations for eventual Federal Reserve rate cuts. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Gold demand remains resilient despite its second-quarter selloff. Central-bank purchases and strong Asian buying provide fundamental support for bullion and, by extension, IAU. Gold demand proves resilient despite Q2 selloff
• Positive Sentiment: The Fed’s decision to keep interest rates unchanged triggered a relief rally in gold. Gold also held above the important $4,000-per-ounce area, suggesting buyers remain active near support. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Neutral Sentiment: Technical analysts see renewed strength after gold found support near $3,996, but a sustained move above roughly $4,203 is needed to confirm a broader bullish reversal. Until then, gold and IAU may remain range-bound. Gold XAU/USD Price Forecast
• Negative Sentiment: The Fed’s “hawkish hold,” firm Treasury yields and resilient jobless-claims data indicate that interest rates may stay restrictive for longer. That raises the opportunity cost of holding non-yielding gold and could cap IAU’s gains. Fed’s hawkish hold stabilizes gold and silver

iShares Gold Trust Stock Up 1.7%

Shares of iShares Gold Trust stock opened at $77.30 on Friday. iShares Gold Trust has a 12-month low of $61.99 and a 12-month high of $104.40. The company has a market capitalization of $63.84 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The firm’s 50-day moving average price is $78.85 and its two-hundred day moving average price is $86.63.

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).