iShares Gold Trust $IAU Position Raised by Cercano Management LLC

Cercano Management LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 731.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,522 shares of the exchange traded fund’s stock after buying an additional 437,653 shares during the quarter. iShares Gold Trust comprises approximately 1.5% of Cercano Management LLC’s investment portfolio, making the stock its 10th biggest holding. Cercano Management LLC owned 0.06% of iShares Gold Trust worth $40,384,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. COFG Advisors LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth about $661,000. Sage Investment Advisers LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth about $6,317,000. Gill Capital Partners LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth about $207,000. Swisher Financial Concepts Inc. grew its holdings in iShares Gold Trust by 7.7% during the fourth quarter. Swisher Financial Concepts Inc. now owns 14,068 shares of the exchange traded fund’s stock worth $1,142,000 after acquiring an additional 1,009 shares during the period. Finally, SCS Capital Management LLC grew its holdings in iShares Gold Trust by 217.4% during the fourth quarter. SCS Capital Management LLC now owns 27,159 shares of the exchange traded fund’s stock worth $2,204,000 after acquiring an additional 18,601 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.4%

iShares Gold Trust stock opened at $84.27 on Tuesday. The firm has a market cap of $71.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The business’s 50-day moving average price is $87.07 and its 200 day moving average price is $87.43.

More iShares Gold Trust News

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

• Negative Sentiment: Spot gold slipped after the U.S. manufacturing PMI rose to 54 in May, reinforcing the view that the economy remains resilient and reducing expectations for near-term Fed rate cuts. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Rising Treasury yields and a stronger U.S. dollar weighed on precious metals, making gold less attractive to investors in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats Amid Rising Treasury Yields
• Negative Sentiment: Reports that Iran-related geopolitical tensions were easing intermittently and that crude oil was jumping shifted some demand away from gold’s safe-haven trade. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Neutral Sentiment: Some commentary remains constructive on gold’s longer-term outlook because inflation, debt, and policy uncertainty could still support demand over time. Fed trapped between inflation and debt crisis, and gold wins either way – Sprott’s McIntyre

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).