Marble Wealth LLC Invests $2.29 Million in iShares Gold Trust $IAU

Marble Wealth LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 28,172 shares of the exchange traded fund’s stock, valued at approximately $2,287,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $25,000. Abich Financial Wealth Management LLC bought a new stake in shares of iShares Gold Trust during the third quarter worth about $25,000. Gables Capital Management Inc. grew its holdings in shares of iShares Gold Trust by 173.1% during the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Dakota Community Bank & Trust NA bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $30,000. Finally, Key Capital Management INC bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $32,000. 59.67% of the stock is currently owned by institutional investors.

Key iShares Gold Trust News

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

• Positive Sentiment: Central banks are continuing to treat gold as a preferred reserve asset, reinforcing long-term demand for the metal. Central banks see gold as the reserve asset of choice – ECB report
• Positive Sentiment: Gold found support from falling rates, retreating oil prices, a softer dollar, and expectations that weaker macro data could revive rate-cut bets. Gold Price Analysis – Gold Rallies as Rates Fall
• Positive Sentiment: Analysts say structural supports such as debt concerns, de-dollarization, sticky inflation, and steady central bank buying remain intact even after recent pullbacks. Gold price is squeezed between 50 and 200 DMA, but 2025 drivers will return stronger once Iran war recedes – Saxo Bank’s Hansen

iShares Gold Trust Trading Up 0.2%

NYSEARCA:IAU opened at $84.42 on Wednesday. The stock has a market cap of $71.87 billion, a P/E ratio of 5.53 and a beta of 0.16. The stock’s 50-day moving average is $87.07 and its 200-day moving average is $87.43. iShares Gold Trust has a 1-year low of $61.37 and a 1-year 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).