WealthNavi Inc. lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,921,771 shares of the exchange traded fund’s stock after selling 167,477 shares during the period. iShares Gold Trust comprises about 5.3% of WealthNavi Inc.’s holdings, making the stock its 5th biggest position. WealthNavi Inc. owned about 0.81% of iShares Gold Trust worth $610,223,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in IAU. OLD National Bancorp IN grew its position in shares of iShares Gold Trust by 2.1% during the 1st quarter. OLD National Bancorp IN now owns 23,359 shares of the exchange traded fund’s stock valued at $2,059,000 after acquiring an additional 489 shares during the period. Cottage Street Advisors LLC raised its holdings in shares of iShares Gold Trust by 19.0% in the 1st quarter. Cottage Street Advisors LLC now owns 3,606 shares of the exchange traded fund’s stock worth $318,000 after purchasing an additional 575 shares during the period. Penobscot Wealth Management bought a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $216,000. Silver Oak Securities Incorporated lifted its stake in iShares Gold Trust by 8.4% in the first quarter. Silver Oak Securities Incorporated now owns 26,231 shares of the exchange traded fund’s stock valued at $2,313,000 after purchasing an additional 2,029 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in iShares Gold Trust by 79.3% in the first quarter. Fiduciary Alliance LLC now owns 8,201 shares of the exchange traded fund’s stock valued at $740,000 after purchasing an additional 3,627 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 1.0%
Shares of NYSEARCA IAU opened at $75.71 on Friday. The stock has a fifty day simple moving average of $84.51 and a two-hundred day simple moving average of $87.65. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The firm has a market cap of $64.46 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
Key Headlines Impacting iShares Gold Trust
- Negative Sentiment: Multiple market updates say gold broke below key support and is showing a bearish technical setup, with analysts warning of deeper correction risk. Gold (XAU/USD) Price Forecast: Trendline Failure Signals Deeper Downside Risk
- Negative Sentiment: Stronger U.S. dollar strength and rising Treasury yields continue to be a headwind for gold, increasing the opportunity cost of holding the non-yielding metal. Gold price could struggle through 2026 as it loses safe-haven status to US bonds – BI’s McGlone
- Negative Sentiment: Several reports note that resilient U.S. economic data and cooling inflation fears are reducing safe-haven demand, which can keep pressure on gold prices. Gold prices struggling as U.S. economy remains resilient and inflation fears cool
- Neutral Sentiment: There were also brief rebounds above $4,000 as lower yields, a softer dollar, and renewed geopolitical risk sparked buying interest, but those moves have not yet reversed the broader downtrend. Gold holds $4,000 as Fed hawkishness offsets renewed Gulf risk – Kitco PM Report
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).
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