iShares Gold Trust $IAU Stock: Patriot Investment Management Group Inc. Raises Stake

Patriot Investment Management Group Inc. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 33.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,268 shares of the exchange traded fund’s stock after acquiring an additional 13,080 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares Gold Trust were worth $4,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IAU. RFG Advisory LLC boosted its holdings in shares of iShares Gold Trust by 35.8% during the 2nd quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock worth $2,942,000 after purchasing an additional 10,263 shares during the last quarter. Wealth Care LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $9,270,000. Hsbc Holdings PLC increased its holdings in shares of iShares Gold Trust by 51.0% in the fourth quarter. Hsbc Holdings PLC now owns 646,402 shares of the exchange traded fund’s stock valued at $52,467,000 after purchasing an additional 218,339 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV lifted its position 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 buying an additional 14,344 shares in the last quarter. Finally, Contango Wealth Management LLC lifted its position in iShares Gold Trust by 136.0% during the first quarter. Contango Wealth Management LLC now owns 18,787 shares of the exchange traded fund’s stock worth $1,656,000 after buying an additional 10,826 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $78.47 on Friday. The business’s 50 day moving average price is $81.53 and its 200 day moving average price is $82.15. The company has a market cap of $61.88 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a one year low of $73.74 and a one year high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold rebounded as the dollar and Treasury yields weakened. Lower yields reduce the opportunity cost of holding non-yielding gold, supporting the underlying asset tracked by IAU. Gold, Silver, Platinum Forecasts – Gold Rebounds As Dollar Dives
• Positive Sentiment: China’s official and investment demand provided a fundamental tailwind. The People’s Bank of China added 23 tonnes to its reserves in September, while Chinese gold ETFs recorded strong inflows and holiday demand for jewelry, bars and coins improved. China buys the gold dip as ETF holdings hit record
• Positive Sentiment: Technical support encouraged dip-buying. Gold held above key support near $4,100 after retesting recent lows, while a weaker Philadelphia manufacturing reading helped reinforce expectations for softer economic activity and supported prices. Gold Price Forecast: $4,103 Support Puts Bears to the Test
• Neutral Sentiment: Gold remains volatile following a sharp CPI-driven decline. Comex gold later settled higher, but investors continue to assess whether the rebound represents a durable trend reversal or merely a technical correction. Comex Gold Settles Higher
• Negative Sentiment: Hot U.S. inflation remains a headwind. September PPI rose much more than expected, keeping Treasury yields and expectations for additional Federal Reserve tightening elevated. Higher rates could pressure gold and IAU if they persist. Gold Faces Fresh Inflation Test

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).