Catalyst Investment Management LLC Buys New Position in iShares Gold Trust $IAU

Catalyst Investment Management LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 38,242 shares of the exchange traded fund’s stock, valued at approximately $3,104,000. iShares Gold Trust makes up approximately 2.9% of Catalyst Investment Management LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors have also bought and sold shares of IAU. Godfrey Financial Associates Inc. purchased a new position in iShares Gold Trust during the 4th quarter worth $25,000. Rossby Financial LCC grew its stake in shares of iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Gables Capital Management Inc. grew its stake in shares of iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $29,000. Finally, Dakota Community Bank & Trust NA purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $30,000. 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: Longer-term demand for gold remains supported by central bank buying and geopolitical uncertainty, with several analysts arguing gold ETFs still belong in diversified portfolios. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Some market commentary says central banks are likely to keep increasing gold reserves amid rising geopolitical risks, which could provide ongoing support for gold-backed funds like IAU. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Gold briefly found support after the Fed held rates steady, but the market quickly shifted to pricing in a higher-for-longer policy path, limiting the bounce. Gold Rises After Fed Leaves Rates Unchanged
• Negative Sentiment: Gold prices fell as the Fed’s hawkish messaging revived expectations for additional tightening, pushing the dollar higher and pressuring bullion. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Recent articles point to continued technical weakness in gold, with prices failing at resistance and testing support levels that could signal more downside if they break. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

iShares Gold Trust Price Performance

IAU opened at $79.33 on Friday. The company’s 50-day moving average is $85.76 and its 200 day moving average is $87.73. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The firm has a market capitalization of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15.

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).