UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in iShares Gold Trust $IAU

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 8.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,646,017 shares of the exchange traded fund’s stock after selling 154,090 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in iShares Gold Trust were worth $124,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in shares of iShares Gold Trust by 4.1% during the 2nd quarter. Hsbc Holdings PLC now owns 650,137 shares of the exchange traded fund’s stock worth $49,081,000 after purchasing an additional 25,639 shares during the last quarter. Archer Investment Corp lifted its position in iShares Gold Trust by 76.2% in the second quarter. Archer Investment Corp now owns 1,186 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 513 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in iShares Gold Trust in the second quarter valued at about $76,854,000. Strive Financial Group LLC boosted its stake in iShares Gold Trust by 257.1% during the second quarter. Strive Financial Group LLC now owns 550 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 396 shares during the period. Finally, American Capital Management Inc. acquired a new stake in shares of iShares Gold Trust during the second quarter valued at about $5,764,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $81.35 on Wednesday. The company’s 50 day simple moving average is $79.27 and its 200-day simple moving average is $85.11. The company has a market capitalization of $67.19 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1 year low of $65.56 and a 1 year high of $104.40.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Longer term, Saxo Bank and other analysts continue to see support for gold from commodity-driven inflation, expanding money supply and elevated government debt. These factors could sustain demand for IAU if inflation concerns intensify. Long-term gold price remains supported by commodity-led inflation – Saxo Bank’s Hansen
• Positive Sentiment: Unusually heavy call-option activity in IAU, with 10,933 calls purchased versus average volume of 7,737, suggests some traders are positioning for a rebound. This is a sentiment indicator rather than a change in the trust’s underlying holdings.
• Neutral Sentiment: Renewed U.S.-Iran and Gulf-region tensions provide safe-haven support for gold, but the resulting oil-price surge is also lifting inflation expectations, bond yields and rate-hike odds. The competing forces are limiting gold’s defensive appeal. Gold and Silver Price Forecast: Hawkish Fed Meets Iran Risk as Jobs Data Looms
• Negative Sentiment: Markets are assigning roughly a two-thirds probability to a September Fed hike after a hawkish policy repricing. Higher yields and a stronger dollar increase the opportunity cost of holding gold and are the main reasons IAU has decreased. Gold tests $4,311 support as Fed-hike odds hold near 66% – Kitco PM Report
• Negative Sentiment: Gold has fallen through its 20-day and 100-day moving averages and is testing support near $4,311-$4,350. The World Gold Council warned that weakening short-term momentum could expose gold to a pullback toward $4,215, increasing downside risk for IAU. Gold price at risk of pullback to $4,215/oz as short-term momentum fades
• Negative Sentiment: Reports also point to reversing gold-ETF inflows and profit-taking following the metal’s strong summer rally, suggesting near-term investor demand has weakened. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally

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).