Independent Advisor Alliance Boosts Stake in iShares Gold Trust $IAU

Independent Advisor Alliance raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 32.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,855 shares of the exchange traded fund’s stock after purchasing an additional 25,147 shares during the period. Independent Advisor Alliance’s holdings in iShares Gold Trust were worth $8,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $1,864,000. Bison Wealth LLC raised its holdings in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC raised its holdings in shares of iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after buying an additional 8,609 shares during the period. Glenview Trust co raised its holdings in shares of iShares Gold Trust by 9.7% in the second quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after buying an additional 1,095 shares during the period. Finally, Main Street Financial Solutions LLC raised its holdings in shares of iShares Gold Trust by 6.3% in the second quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 2,172 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.4%

IAU opened at $88.71 on Wednesday. The stock’s fifty day moving average is $89.86 and its two-hundred day moving average is $86.49. The company has a market capitalization of $75.52 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52 week low of $59.71 and a 52 week high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Several analysts remain constructive on gold over the medium term, with forecasts calling for higher prices later this year as debt concerns, central bank demand, and ongoing ETF inflows support the metal. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Positive Sentiment: Gold bull commentary and reports of fresh global gold ETF inflows suggest continued investor demand for the metal despite inflation-driven volatility. Global gold ETFs see fresh inflows despite rising inflation risks
• Neutral Sentiment: Gold is hovering around a key technical resistance zone, leaving traders focused on whether it breaks higher or slips back toward support. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Negative Sentiment: Hot CPI data strengthened the dollar and yields, weighing on gold prices and reducing near-term appeal for IAU. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
• Negative Sentiment: Rising Treasury yields and a stronger dollar continued to pressure precious metals, keeping gold under short-term downside pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Bet On Hawkish Fed

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).