White Lighthouse Investment Management Inc. raised its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,769 shares of the exchange traded fund’s stock after acquiring an additional 10,704 shares during the quarter. iShares Gold Trust makes up 2.0% of White Lighthouse Investment Management Inc.’s holdings, making the stock its 12th biggest position. White Lighthouse Investment Management Inc.’s holdings in iShares Gold Trust were worth $16,149,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares Gold Trust during the 1st quarter valued at approximately $26,000. Fairway Wealth LLC raised its holdings in shares of iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Longview Financial Advisors Inc. bought a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. Harborfront Financial Group LLC bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $28,000. Finally, Dunhill Financial LLC lifted its stake in iShares Gold Trust by 72.9% in the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust News Summary
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold gained in late U.S. trading as Treasury yields stabilized, the dollar weakened and crude oil prices eased. These developments reduce the opportunity cost of holding non-yielding gold and are supportive of IAU. Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns – Kitco PM Report
- Positive Sentiment: Gold is testing a potential bottom as the U.S. 10-year real yield eased to 2.77%. A sustained decline in real yields could improve demand for gold and provide further support to IAU. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
- Positive Sentiment: Royal Mint sales indicate that demand for precious metals remains resilient despite high prices and rising bond yields, while BlackRock’s Evy Hambro cited debt, fiscal deficits, currency depreciation and geopolitical risks as longer-term supports for gold. Royal Mint sees record silver and platinum sales, renewed gold demand despite higher prices and rising bond yields
- Neutral Sentiment: Technical analysts describe gold as consolidating between important support and resistance levels, with a decisive breakout possible. This creates upside potential for IAU but also leaves the ETF vulnerable to another decline if support fails. Gold (XAU/USD) Price Forecast: Consolidation Sets Stage for Decisive Breakout
- Negative Sentiment: Markets continue to price a high probability of a December Fed rate hike. Higher rates and real yields can pressure gold by making income-producing assets more attractive, weighing on IAU. Gold and Silver Price Forecast: ETF Holdings Hit Record
- Negative Sentiment: Russia’s sale of 6.2 tonnes of gold in September reduced its bullion holdings to the lowest level since 2019, introducing a modest source of official-sector selling pressure. Russia sells 6.2 tonnes of gold in September
iShares Gold Trust Trading Up 0.3%
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).
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