Pictet North America Advisors SA cut its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 9.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 248,159 shares of the exchange traded fund’s stock after selling 27,341 shares during the period. iShares Gold Trust makes up 1.9% of Pictet North America Advisors SA’s portfolio, making the stock its 16th biggest holding. Pictet North America Advisors SA’s holdings in iShares Gold Trust were worth $20,143,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC boosted its position in iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC boosted its position in iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after buying an additional 8,609 shares during the period. M&T Bank Corp grew its holdings in iShares Gold Trust by 4.2% during the 2nd quarter. M&T Bank Corp now owns 300,016 shares of the exchange traded fund’s stock worth $18,709,000 after acquiring an additional 12,144 shares during the last quarter. Finally, Elios Financial Group Inc. bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $219,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust News Roundup
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Analysts flag a bullish recovery for gold with momentum above key moving averages and a target “confluence” resistance zone near $4,874–$5,000, supporting ETF inflows if the rally holds. Gold (XAU/USD) Price Forecast: Bullish Recovery Eyes $5,000 Confluence Zone
- Positive Sentiment: Another FXEmpire piece highlights an extended rally toward a $4,850–$5,028 resistance cluster as the dollar weakens — a tailwind for IAU if the dollar trend continues. Gold (XAUUSD) Price Forecast: Gold Price Targets $4850.68–$5028.04 Resistance Cluster
- Positive Sentiment: Kitco reports gold and silver rallying as the USDX sells off and bond yields dip — classic drivers for higher bullion-backed ETF prices. Gold, silver rally as USDX sells off
- Positive Sentiment: WSJ notes gold edging higher on signs of de‑escalating Middle East tensions — lower geopolitical risk can ease oil and rate concerns, supporting precious metals sentiment. Gold Edges Higher on Signs of De-Escalating Middle East Tensions
- Neutral Sentiment: Corporate update: iShares/BlackRock announced new leadership (Jay Jacobs named CEO for the trust) — governance change that is unlikely to immediately move flows but could matter for longer‑term management and institutional positioning. iShares Gold Trust Announces New Leadership and CEO
- Negative Sentiment: Technical caution: Kitco columnist Avi Gilburt warns of a deeper correction toward $3,800 as technical risks build — a scenario that would pressure IAU heavily if realized. Gold faces deeper correction toward $3,800 as technical risks build – Avi Gilburt
- Negative Sentiment: Macro headwinds remain: an FXEmpire note flags a weaker outlook for gold if rate cuts fade and the dollar and oil stay elevated — conditions that would limit upside for IAU. Gold News: Gold Price Outlook Weak as Rates, Dollar, Oil Stay Elevated
- Negative Sentiment: CNN/Reuters‑style coverage (CNBC) shows gold on track for its worst month since 2008 amid the ongoing Iran war — evidence that, despite intraday gains, the metal faces significant near‑term downside risk. Gold on track for worst month since 2008 as Iran war enters its fifth week
iShares Gold Trust Stock 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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