Avestar Capital LLC Buys 13,072 Shares of iShares Gold Trust $IAU

Avestar Capital LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 117,352 shares of the exchange traded fund’s stock after buying an additional 13,072 shares during the period. iShares Gold Trust makes up approximately 0.6% of Avestar Capital LLC’s holdings, making the stock its 27th largest holding. Avestar Capital LLC’s holdings in iShares Gold Trust were worth $9,525,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IAU. Envestnet Asset Management Inc. increased its position in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after acquiring an additional 6,623,876 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in iShares Gold Trust during the 3rd quarter valued at about $193,639,000. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after purchasing an additional 2,245,617 shares during the period. Concurrent Investment Advisors LLC raised its position in iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after purchasing an additional 2,008,288 shares during the period. Finally, Mizuho Bank Ltd. bought a new stake in iShares Gold Trust in the third quarter worth about $120,798,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust News Summary

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

• Neutral Sentiment: Central banks returned to net gold buying in April, led by Poland and China, which supports long-term demand for bullion. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Neutral Sentiment: The European Central Bank said gold remains a key reserve asset, reinforcing gold’s role as a strategic store of value. Central banks see gold as the reserve asset of choice – ECB report
• Neutral Sentiment: Technical commentary suggests gold is nearing important support zones, with analysts watching for a breakdown or stabilization signal. Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones
• Neutral Sentiment: Gold is being pressured by stronger U.S. data, including a rising ISM Services PMI and higher job openings, which reduce the case for near-term rate cuts. Gold off session lows after ISM Services PMI rises to 54.5 in May
• Negative Sentiment: Rising Treasury yields, a firmer dollar, and renewed Fed hike fears are weighing on gold prices and hurting the ETF. Gold (XAU/USD) Price Forecast: Gold Price Falls as Fed Hike Fears Return
• Negative Sentiment: Oil strength and hawkish central bank expectations are adding pressure to precious metals, contributing to gold’s recent weakness. Gold and Silver Price Forecast: Oil Surge Pressures Gold Before Jobs Data
• Negative Sentiment: Kitco reported that gold and silver sold off as U.S.-Iran fighting, higher oil, and rising yields pressured non-yielding metals. Gold breaks $4,440 as U.S.-Iran fighting pressures markets – Kitco PM Report

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $83.59 on Thursday. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The business has a 50 day simple moving average of $87.08 and a two-hundred day simple moving average of $87.50. The firm has a market capitalization of $71.16 billion, a PE ratio of 5.53 and a beta of 0.16.

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).