Flagstar Advisors Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 43.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,563 shares of the exchange traded fund’s stock after selling 6,697 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares Gold Trust were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Ehrlich Financial Group raised its stake in iShares Gold Trust by 15.3% in the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock valued at $3,266,000 after purchasing an additional 5,943 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its position in iShares Gold Trust by 63.6% during the third quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock worth $4,041,000 after purchasing an additional 21,596 shares during the period. First Horizon Corp acquired a new stake in iShares Gold Trust during the third quarter worth about $1,863,000. Strategic Blueprint LLC grew its stake in iShares Gold Trust by 30.2% during the third quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock worth $9,964,000 after buying an additional 31,746 shares in the last quarter. Finally, MA Private Wealth increased its holdings in iShares Gold Trust by 10.3% in the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after buying an additional 14,705 shares during the period. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Down 3.7%
IAU stock opened at $82.09 on Friday. The company’s 50-day moving average price is $93.38 and its two-hundred day moving average price is $83.02. The firm has a market cap of $69.31 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12 month low of $55.78 and a 12 month high of $104.40.
More iShares Gold Trust News
- Positive Sentiment: Major bank bullish view: Wells Fargo still projects a materially higher year‑end gold price, which supports long‑term demand expectations for bullion and ETFs like IAU. Gold struggles amid geopolitical tensions, but Wells Fargo still sees $6,200/oz by year-end
- Positive Sentiment: Swiss banking group reiterates gold’s role as a store of value despite volatility, a supportive narrative for long‑term ETF inflows. Swiss Bankers Association says gold’s importance as a store of value is only increasing despite its recent price volatility
- Neutral Sentiment: Macro data mixed: a rise in U.S. weekly jobless claims was noted but has not offset the dominant yield/dollar moves—this keeps direction uncertain until rate expectations settle. Spot gold trades at $4,436/oz after U.S. weekly jobless claims rise to 210k
- Negative Sentiment: Coordinated hawkish shift from the Fed, ECB, BOE and BOJ lifted yields and revived “higher‑for‑longer” rate fears — a key headwind for gold and IAU. The Fed Meeting Changed Everything
- Negative Sentiment: Stronger USDX and rising bond yields produced solid losses in gold this morning, pressuring bullion‑tracking ETFs. Solid losses for gold, silver on firmer USDX, rising bond yields
- Negative Sentiment: Turkey sold roughly 58.4 tonnes of gold in two weeks, adding central‑bank related supply into markets — a tangible near‑term bearish factor for prices. Turkey taps its gold reserves, sells 58.4 tonnes of gold in two weeks
- Negative Sentiment: Geopolitical developments have so far failed to sustain safe‑haven flows into gold; fading ceasefire hopes and volatility swings are creating selloffs rather than persistent bids. Gold, Silver Tumble Again. One Thing Is Wreaking Havoc on Precious Metals.
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).
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