iShares Gold Trust $IAU is Cercano Management LLC’s 10th Largest Position

Cercano Management LLC boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 731.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,522 shares of the exchange traded fund’s stock after acquiring an additional 437,653 shares during the period. iShares Gold Trust accounts for approximately 1.5% of Cercano Management LLC’s investment portfolio, making the stock its 10th biggest position. Cercano Management LLC’s holdings in iShares Gold Trust were worth $40,384,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. COFG Advisors LLC purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $661,000. Sage Investment Advisers LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $6,317,000. Gill Capital Partners LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $207,000. Swisher Financial Concepts Inc. grew its stake in shares of iShares Gold Trust by 7.7% in the 4th quarter. Swisher Financial Concepts Inc. now owns 14,068 shares of the exchange traded fund’s stock valued at $1,142,000 after buying an additional 1,009 shares during the period. Finally, SCS Capital Management LLC grew its stake in shares of iShares Gold Trust by 217.4% in the 4th quarter. SCS Capital Management LLC now owns 27,159 shares of the exchange traded fund’s stock valued at $2,204,000 after buying an additional 18,601 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $84.27 on Tuesday. The firm has a 50 day simple moving average of $87.07 and a 200-day simple moving average of $87.43. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The stock has a market cap of $71.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16.

More iShares Gold Trust News

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

• Negative Sentiment: Spot gold slipped after the U.S. manufacturing PMI rose to 54 in May, reinforcing the view that the economy remains resilient and reducing expectations for near-term Fed rate cuts. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Rising Treasury yields and a stronger U.S. dollar weighed on precious metals, making gold less attractive to investors in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats Amid Rising Treasury Yields
• Negative Sentiment: Reports that Iran-related geopolitical tensions were easing intermittently and that crude oil was jumping shifted some demand away from gold’s safe-haven trade. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Neutral Sentiment: Some commentary remains constructive on gold’s longer-term outlook because inflation, debt, and policy uncertainty could still support demand over time. Fed trapped between inflation and debt crisis, and gold wins either way – Sprott’s McIntyre

iShares Gold Trust 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).