SageGuard Financial Group LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 69.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,200 shares of the exchange traded fund’s stock after acquiring an additional 32,418 shares during the quarter. iShares Gold Trust makes up 1.1% of SageGuard Financial Group LLC’s portfolio, making the stock its 27th largest holding. SageGuard Financial Group LLC’s holdings in iShares Gold Trust were worth $6,982,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of IAU. Godfrey Financial Associates Inc. purchased a new stake in iShares Gold Trust in the 4th quarter worth $25,000. Monetary Solutions Ltd purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $26,000. Rossby Financial LCC boosted its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the period. Finally, Gables Capital Management Inc. boosted its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares during the period. Institutional investors own 59.67% of the company’s stock.
Key Headlines Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold gained ground as Treasury yields eased and the dollar moved away from recent highs, helping precious metals recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
- Positive Sentiment: Weakness in consumer sentiment and easing inflation expectations supported gold, with spot prices reaching session highs near $4,080 an ounce. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
- Positive Sentiment: Gold has been bouncing from the $4,000 area, which traders are viewing as a potential floor after recent selloffs. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
- Positive Sentiment: Robert Kiyosaki said he was wrong to doubt gold and plans to buy more, adding to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
- Neutral Sentiment: Gold is still holding around the key $4,000 level, with some reports calling the short-term structure neutral while central bank demand remains supportive longer term. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
- Negative Sentiment: Several technical analysts say gold has broken key trendline support, signaling the risk of a deeper decline unless resistance is reclaimed. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
- Negative Sentiment: Other reports warn that gold remains under pressure from a hawkish Fed, a strong dollar, and expectations that prices could weaken further if support near $4,000 fails. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
iShares Gold Trust Price Performance
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).
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