Northwestern Mutual Wealth Management Co. Has $477.25 Million Stock Holdings in iShares Gold Trust $IAU

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.0% during the second quarter, HoldingsChannel reports. The fund owned 6,320,401 shares of the exchange traded fund’s stock after selling 129,485 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Gold Trust were worth $477,253,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wills Financial Group LLC raised its stake in iShares Gold Trust by 9.8% during the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after buying an additional 13,093 shares during the last quarter. Wealth Care LLC acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at about $9,270,000. Greykasell Wealth Strategies Inc. boosted its position in shares of iShares Gold Trust by 1,107.5% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 10,240 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 9,392 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV grew its stake in iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock worth $42,648,000 after purchasing an additional 14,344 shares during the period. Finally, Outlook Wealth Advisors LLC increased its holdings in iShares Gold Trust by 48.7% in the fourth quarter. Outlook Wealth Advisors LLC now owns 24,046 shares of the exchange traded fund’s stock worth $1,952,000 after purchasing an additional 7,876 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Analysts at Julius Baer said the Treasury’s increased bond-buyback plans are renewing concerns about U.S. fiscal policy and potential dollar debasement. Those concerns could encourage investors to add exposure to gold through funds such as IAU. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
• Positive Sentiment: Unusually heavy IAU call-option activity suggests some traders are positioning for a rebound or further upside in the gold ETF, with call volume running well above its typical level.
• Positive Sentiment: Longer-term bullish forecasts remain supportive: Crescat’s Kevin Smith argued that expanding global money supply and unsustainable government debt could sustain gold’s secular bull market. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation
• Neutral Sentiment: Renewed U.S.-Iran and Gulf tensions are lifting oil prices and creating competing forces for gold: geopolitical risk supports safe-haven demand, while higher energy prices raise inflation and interest-rate concerns. Gold price slips as oil spike, Fed-hike odds hit risk appetite
• Negative Sentiment: Fed Chair Kevin Warsh’s hawkish remarks increased expectations for a September rate hike. Higher yields and a firmer dollar raise the opportunity cost of holding non-yielding gold, weighing on IAU. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk
• Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed signal, raising the risk of additional selling pressure across gold-backed funds. Technical analysts are also watching key support levels after the recent selloff. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally

iShares Gold Trust Stock Performance

Shares of IAU opened at $83.71 on Tuesday. The firm has a market cap of $69.14 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52-week low of $64.41 and a 52-week high of $104.40. The business’s 50 day moving average price is $79.19 and its two-hundred day moving average price is $85.21.

iShares Gold Trust Company 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).