SteelPeak Wealth LLC Decreases Position in iShares Gold Trust $IAU

SteelPeak Wealth LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 62.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,904 shares of the exchange traded fund’s stock after selling 81,752 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares Gold Trust were worth $4,400,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in iShares Gold Trust by 1.5% in the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after buying an additional 203,528 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of iShares Gold Trust by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after acquiring an additional 260,541 shares in the last quarter. Citigroup Inc. boosted its holdings in iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after purchasing an additional 1,893,594 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares Gold Trust by 2.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after purchasing an additional 1,019,135 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.9%

Shares of IAU opened at $74.80 on Friday. The business’s 50 day moving average is $80.96 and its two-hundred day moving average is $87.09. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40. The firm has a market cap of $61.78 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

Key iShares Gold Trust News

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

• Negative Sentiment: Gold prices slid as firmer U.S. Treasury yields and a stronger dollar offset support from softer inflation data, pressuring the iShares Gold Trust. Gold and silver fall as Fed-rate relief fades after data – Kitco AM Report
• Negative Sentiment: Better-than-expected U.S. labor and manufacturing data, including weekly jobless claims and the Philly Fed survey, reduced expectations for near-term Fed easing and pushed gold lower. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July
• Negative Sentiment: Gold is struggling to hold the $4,000 level as resilient consumer spending and improving economic data are limiting safe-haven demand. Gold price struggling as U.S. retail sales rise 0.2% in June
• Neutral Sentiment: Some strategists still see the longer-term gold bull trend as intact despite the current correction, suggesting the recent weakness may be a pause rather than a full reversal. Gold’s Pullback Doesn’t Mean the Bull Market Is Over
• Neutral Sentiment: Bank of America said gold could fall further in the short term, but views lower prices as a buying opportunity, which may help support the ETF if the decline continues. Gold prices can go lower, but Bank of America suggests buying the dip and averaging down
• Positive Sentiment: Longer-term bullish commentary remains supportive, with Fidelity’s Samson saying gold could re-enter a bull market in 2027 and that investors may eventually move back to overweight positions. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027

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).