Retirement Planning Group LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 348.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,030 shares of the exchange traded fund’s stock after acquiring an additional 14,782 shares during the quarter. Retirement Planning Group LLC’s holdings in iShares Gold Trust were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. AlTi Global Inc. lifted its position in iShares Gold Trust by 5.4% in the second quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after purchasing an additional 84,457 shares during the last quarter. Anchor Capital Advisors LLC bought a new position in shares of iShares Gold Trust in the second quarter worth approximately $1,833,000. GWN Securities Inc. grew its holdings in shares of iShares Gold Trust by 18.7% in the second quarter. GWN Securities Inc. now owns 11,432 shares of the exchange traded fund’s stock worth $863,000 after purchasing an additional 1,802 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of iShares Gold Trust by 3.4% in the second quarter. Janney Montgomery Scott LLC now owns 904,231 shares of the exchange traded fund’s stock worth $68,279,000 after buying an additional 29,726 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of iShares Gold Trust by 30.2% in the second quarter. Fifth Third Bancorp now owns 495,989 shares of the exchange traded fund’s stock worth $37,452,000 after buying an additional 114,992 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Up 0.6%
NYSEARCA:IAU opened at $82.28 on Friday. The company has a fifty day moving average of $77.97 and a 200 day moving average of $86.00. iShares Gold Trust has a 52 week low of $62.48 and a 52 week high of $104.40. The firm has a market capitalization of $67.96 billion, a P/E ratio of 5.53 and a beta of 0.18.
iShares Gold Trust News Roundup
- Positive Sentiment: July retail sales unexpectedly fell 0.6%, while August consumer sentiment dropped to 51 versus expectations of 54.5. The weaker consumer data increased expectations that the Fed may keep rates steady in September, supporting gold and IAU. Gold rallies after retail sales drop
- Positive Sentiment: Soft CPI and PPI readings, rising jobless claims, and a pullback in the dollar have eased rate-hike concerns and helped keep precious metals above recent trading levels. Gold rebounds as dollar pulls back
- Positive Sentiment: UBS said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar, and continued sovereign and central-bank demand. This reinforces the longer-term bullish case for IAU. UBS gold forecast
- Neutral Sentiment: Investors will watch next week’s Fed minutes, housing data, and manufacturing activity for clues about economic growth and monetary policy. These releases could produce significant volatility for gold and IAU. Gold looks to Fed minutes and economic data
- Negative Sentiment: Gold has struggled to extend its rebound near the $4,450-$4,500 resistance area. Analysts warn that a pullback or profit-taking could occur before another sustained advance, limiting near-term upside for IAU. Gold pullback risk after resistance test
About iShares Gold Trust
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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