Petersen Hastings Wealth Advisors Inc. purchased a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,364 shares of the exchange traded fund’s stock, valued at approximately $679,000.
Several other institutional investors have also modified their holdings of IAU. MA Private Wealth raised its stake in iShares Gold Trust by 10.3% during the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after buying an additional 14,705 shares in the last quarter. CM Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the third quarter valued at approximately $1,531,000. WESCAP Management Group Inc. raised its stake in iShares Gold Trust by 7.0% during the third quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock valued at $32,726,000 after buying an additional 29,553 shares in the last quarter. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at approximately $1,725,000. Finally, Allianz SE raised its stake in iShares Gold Trust by 2.8% during the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after buying an additional 32,341 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 0.8%
Shares of NYSEARCA IAU opened at $84.28 on Friday. The stock’s 50 day moving average price is $87.11 and its two-hundred day moving average price is $87.56. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The stock has a market capitalization of $71.75 billion, a P/E ratio of 5.53 and a beta of 0.15.
Key Stories Impacting iShares Gold Trust
- Positive Sentiment: Gold regained momentum as softer U.S. jobless claims and other weaker labor signals boosted expectations for rate cuts, which is supportive for bullion and IAU. Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k
- Positive Sentiment: Analysts said deglobalization and the global scramble for strategic resources are reinforcing gold’s role as a reserve asset, a longer-term tailwind for bullion demand. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
- Positive Sentiment: Central banks bought net gold in April, led by Poland and China, signaling ongoing official-sector demand that supports the gold price. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
- Neutral Sentiment: Technical commentary is mixed, with some traders seeing a potential rebound from support while others say gold is still trapped in a consolidation range and needs confirmation above resistance. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Key Inflection Zone
- Negative Sentiment: China’s gold market is cooling, with reports of ETF outflows and weaker local demand, which could soften a key source of recent support for bullion. China’s gold market is cooling, multiple metrics show
- Negative Sentiment: Several reports say gold is under pressure from stronger Treasury yields, Fed hike fears, and a still-resilient U.S. economy, all of which can weigh on IAU near term. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
About iShares Gold Trust
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).
Recommended Stories
- Five stocks we like better than iShares Gold Trust
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
