Sovereign Financial Group Inc. lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 43.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,424 shares of the exchange traded fund’s stock after selling 7,946 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Gold Trust were worth $919,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Schmidt P J Investment Management Inc. raised its position in 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 worth $760,000 after purchasing an additional 106 shares during the last quarter. Foster Group Inc. grew its position in shares of iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 120 shares during the last quarter. Haverford Trust Co increased its stake 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 valued at $294,000 after buying an additional 120 shares during the period. Brooks Moore & Associates Inc. increased its stake in shares of 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 buying an additional 125 shares during the period. Finally, Nemes Rush Group LLC raised its position in shares of iShares Gold Trust by 1.9% during the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU opened at $78.80 on Tuesday. The business has a 50-day moving average of $85.35 and a 200-day moving average of $87.72. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The company has a market capitalization of $67.09 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
Key Stories Impacting iShares Gold Trust
- Positive Sentiment: Gold rebounded above the $4,200 level in early U.S. trading as traders balanced Fed hike risk against easing energy-risk premiums and progress in U.S.-Iran negotiations. Gold rebounds above $4,200 as markets weigh Fed hike risk, Iran progress – Kitco AM Report
- Positive Sentiment: Some analysts still see long-term upside for gold, with commentary saying the pullback may be a buying opportunity and that gold can eventually move much higher. Gold Just Dropped $68. Peter Schiff Says That’s Your Buy Signal.
- Neutral Sentiment: Gold attempted to rebound despite rising Treasury yields, suggesting the market is still searching for direction rather than entering a clear trend. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound Despite Rising Treasury Yields
- Neutral Sentiment: Gold ETFs remain a focus for investors, with one article highlighting other gold funds as potential buys, which underscores continued interest in the sector. 3 Great Gold ETFs to Buy Now
- Negative Sentiment: Morgan Stanley said gold may struggle to reach its bullish 2026 target without a meaningful rebound in ETF inflows, pointing to weaker near-term demand. Gold price will struggle to reach $5,200/oz in 2026 without strong ETF inflows – Morgan Stanley
- Negative Sentiment: Bank of America said the Fed’s tighter policy stance is creating hurdles for gold, tempering bullish expectations in the near term. Bank of America says gold can still hit $6,000, just not anytime soon
- Negative Sentiment: Gold opened lower at the start of the trading week, with the stronger dollar and firm yields continuing to pressure prices. Gold Price Analysis – Gold Drops at the Open
- Negative Sentiment: Gold and silver remained under pressure from dollar strength and higher Treasury yields, reinforcing the headwind for bullion-linked funds like IAU. Gold and Silver Price Forecast: Dollar Breakout Keeps Metals Under Pressure
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).
Further Reading
- Five stocks we like better than iShares Gold Trust
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
