iShares Gold Trust $IAU Stock: MinichMacGregor Wealth Management LLC Raises Holdings

MinichMacGregor Wealth Management LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 430.6% in the third quarter, HoldingsChannel reports. The fund owned 23,394 shares of the exchange traded fund’s stock after purchasing an additional 18,985 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in iShares Gold Trust were worth $1,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Evolution Wealth Management Inc. grew its position in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 124 shares during the last quarter. Brooks Moore & Associates Inc. lifted its position in shares of iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after purchasing an additional 125 shares in the last quarter. SmartHarvest Portfolios LLC grew its position in iShares Gold Trust by 2.0% during the first quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 129 shares in the last quarter. Euro Pacific Asset Management LLC grew its position in iShares Gold Trust by 3.9% during the third quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 131 shares in the last quarter. Finally, Retirement Wealth Solutions LLC raised its holdings in shares of iShares Gold Trust by 2.4% during the second quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock worth $465,000 after acquiring an additional 145 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: Gold had shown resilience before the inflation release, supported by earlier declines in the U.S. dollar and Treasury yields. Investment demand for gold-backed ETFs has also remained relatively firm despite elevated yields and a stronger dollar. Gold price needs a dovish Fed or renewed debasement fears to reverse its downtrend – Bank of America
• Neutral Sentiment: Market participants are watching gold’s $4,000–$4,200 demand zone and nearby technical support. A sustained hold could stabilize bullion and IAU, while a break below support would signal additional downside risk. Gold Tests $4,200-$4,000 Demand Zone as CPI Revives Inflation Concerns
• Negative Sentiment: Hotter CPI data pushed gold to session lows and lifted Treasury yields, making interest-bearing assets more attractive relative to bullion. This is the primary near-term driver weighing on IAU. Gold price drops to session lows as U.S. CPI heats up in September
• Negative Sentiment: Planned gold sales by Kazakhstan’s central bank could add supply pressure, while analysts continue to cite high yields and Fed-tightening risks as headwinds for precious metals. Kazakhstan plans gold sales as holdings reach 78% of reserves

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU traded down $1.52 during trading hours on Wednesday, hitting $76.73. The stock had a trading volume of 2,456,893 shares, compared to its average volume of 9,219,073. The company has a market capitalization of $60.51 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm’s 50-day moving average price is $81.61 and its two-hundred day moving average price is $82.23. iShares Gold Trust has a 52 week low of $73.74 and a 52 week high of $104.40.

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).