Riggs Asset Managment Co. Inc. Buys 9,790 Shares of iShares Gold Trust $IAU

Riggs Asset Managment Co. Inc. boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 52.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,566 shares of the exchange traded fund’s stock after acquiring an additional 9,790 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in iShares Gold Trust were worth $2,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $25,000. Abich Financial Wealth Management LLC acquired a new position in iShares Gold Trust in the third quarter valued at about $25,000. Mountain Hill Investment Partners Corp. bought a new stake in iShares Gold Trust during the third quarter worth about $29,000. Traub Capital Management LLC bought a new stake in iShares Gold Trust during the second quarter worth about $31,000. Finally, Fourth Dimension Wealth LLC increased its holdings in shares of iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 349 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

More iShares Gold Trust News

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

• Positive Sentiment: Weak U.S. payrolls and other downbeat economic data have boosted safe‑haven demand for gold, supporting flows into gold ETFs such as IAU. Read More.
• Positive Sentiment: Missed Non‑Farm Payrolls and weaker retail figures prompted short‑term rebounds in bullion, which tends to raise demand for physically backed ETFs. Read More.
• Neutral Sentiment: Geopolitical tensions (U.S.–Iran conflict) are keeping volatility elevated for gold — that can support intermittent safe‑haven flows but has delivered uneven impulses, so the net effect on IAU is mixed. Read More.
• Negative Sentiment: Multiple technical reports flag bearish wedge breakouts and measured‑move downside targets — technical pressure could trigger short‑term selling in IAU if key support levels fail. Read More.
• Negative Sentiment: Rising oil prices are reviving inflation fears but are also lifting real yields and sustaining a stronger dollar narrative that reduces near‑term gold appeal—this combination can cap upside for IAU until Fed rate‑cut expectations normalize. Read More.
• Negative Sentiment: Reports that a large sovereign buyer may sell gold to fund defense spending introduce potential supply pressure that could weigh on the market and on gold ETFs if realized. Read More.

iShares Gold Trust Trading Up 1.5%

NYSEARCA IAU opened at $96.98 on Friday. iShares Gold Trust has a 1-year low of $54.34 and a 1-year high of $104.40. The company has a 50 day moving average of $91.55 and a 200-day moving average of $80.65. The firm has a market cap of $81.89 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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).