UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,646,017 shares of the exchange traded fund’s stock after selling 154,090 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of iShares Gold Trust worth $124,291,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Haverford Trust Co raised its position 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 last quarter. Evolution Wealth Management Inc. raised its holdings in iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares during the last quarter. Brooks Moore & Associates Inc. lifted its stake in iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after purchasing an additional 125 shares in the last quarter. SmartHarvest Portfolios LLC boosted its holdings in shares of iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 129 shares during the last quarter. Finally, Nemes Rush Group LLC grew its position in shares of iShares Gold Trust by 1.9% in the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $81.35 on Wednesday. The stock has a 50 day moving average price of $79.27 and a 200 day moving average price of $85.11. The stock has a market cap of $67.19 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a one year low of $65.56 and a one year high of $104.40.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: Longer term, Saxo Bank and other analysts continue to see support for gold from commodity-driven inflation, expanding money supply and elevated government debt. These factors could sustain demand for IAU if inflation concerns intensify. Long-term gold price remains supported by commodity-led inflation – Saxo Bank’s Hansen
- Positive Sentiment: Unusually heavy call-option activity in IAU, with 10,933 calls purchased versus average volume of 7,737, suggests some traders are positioning for a rebound. This is a sentiment indicator rather than a change in the trust’s underlying holdings.
- Neutral Sentiment: Renewed U.S.-Iran and Gulf-region tensions provide safe-haven support for gold, but the resulting oil-price surge is also lifting inflation expectations, bond yields and rate-hike odds. The competing forces are limiting gold’s defensive appeal. Gold and Silver Price Forecast: Hawkish Fed Meets Iran Risk as Jobs Data Looms
- Negative Sentiment: Markets are assigning roughly a two-thirds probability to a September Fed hike after a hawkish policy repricing. Higher yields and a stronger dollar increase the opportunity cost of holding gold and are the main reasons IAU has decreased. Gold tests $4,311 support as Fed-hike odds hold near 66% – Kitco PM Report
- Negative Sentiment: Gold has fallen through its 20-day and 100-day moving averages and is testing support near $4,311-$4,350. The World Gold Council warned that weakening short-term momentum could expose gold to a pullback toward $4,215, increasing downside risk for IAU. Gold price at risk of pullback to $4,215/oz as short-term momentum fades
- Negative Sentiment: Reports also point to reversing gold-ETF inflows and profit-taking following the metal’s strong summer rally, suggesting near-term investor demand has weakened. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally
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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