Cypress Capital Group raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 270,506 shares of the exchange traded fund’s stock after purchasing an additional 8,457 shares during the period. iShares Gold Trust accounts for approximately 2.4% of Cypress Capital Group’s investment portfolio, making the stock its 10th biggest position. Cypress Capital Group’s holdings in iShares Gold Trust were worth $19,685,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new position in iShares Gold Trust during the second quarter worth $25,000. Mountain Hill Investment Partners Corp. purchased a new stake in iShares Gold Trust during the third quarter valued at about $29,000. Keener Financial Planning LLC purchased a new position in iShares Gold Trust in the 2nd quarter valued at approximately $25,000. Private Wealth Management Group LLC grew its holdings in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares in the last quarter. Finally, Key Financial Inc purchased a new position in shares of iShares Gold Trust during the 2nd quarter valued at $28,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Performance
NYSEARCA IAU opened at $101.57 on Friday. The company has a fifty day moving average of $84.09 and a 200-day moving average of $74.80. iShares Gold Trust has a 52-week low of $52.46 and a 52-week high of $104.40. The company has a market capitalization of $85.76 billion, a P/E ratio of 5.53 and a beta of 0.09.
iShares Gold Trust News Summary
- Positive Sentiment: Geopolitical safe-haven flows: Ongoing tensions with Iran are lifting bullion demand and supporting prices, which directly benefits IAU as a gold-backed ETF. Gold Rises Amid Ongoing Iran Tensions
- Positive Sentiment: Macro backdrop — weaker dollar and Fed expectations: Coverage citing a softer dollar and bets on eventual easing have propelled gold to record highs, underpinning ETF flows into IAU. Gold’s Glittering Run Pushes Prices Above $5,500
- Positive Sentiment: Structural demand and central-bank buying: World Gold Council and market commentary point to durable demand drivers (lower rates, bond-market uncertainty) that support longer-term ETF allocations. Gold Demand to Remain Strong as Investors Reassess Risk, WGC Says
- Positive Sentiment: New institutional buyers: Tether’s plan to allocate up to 15% of its portfolio to physical gold adds a sizable, structural buyer to the market, supporting ETF flows including IAU. Tether CEO aims to allocate up to 15% of its portfolio to gold
- Positive Sentiment: ETF momentum & IAU option buying: Gold ETFs are in the top momentum tier, lifting flows; unusual IAU option activity (notably higher call volume) suggests speculative and hedged bullish positioning in the ETF today. Gold ETFs Hit Elite Momentum Tier
- Neutral Sentiment: Analyst/strategy commentary: Banks and strategists are issuing higher multi‑year price targets (some as far out as $6,000+ or scenarios to $8,000), which can attract longer-term flows but also widen divergence in short-term expectations. Here’s How Gold Hits $8,000, According to J.P. Morgan
- Negative Sentiment: Near-term technical risk and profit-taking: Several market reports flag a bearish outside day, profit-taking and a sharp pullback already occurring in intraday action — increasing the chance of consolidation or a meaningful short-term retracement that would pressure IAU. Gold (XAU/USD) Price Forecast: Volatility Signals Near-Term Pullback Risk Gold (XAUUSD) Forecast – Gold Dives 3% Amid Profit-Taking
- Negative Sentiment: Blow-off/top warnings: Some commentators compare the move to past blow-off episodes (1980-style), raising caution that extended parabolic moves can end in sharp reversals — a tail risk for IAU holders. This Looks Like 1980: Gold and Silver Enter Blow-Off Madness
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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