Ascentis Independent Advisors Increases Stock Position in iShares Gold Trust $IAU

Ascentis Independent Advisors raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 83.9% in the 1st quarter, HoldingsChannel reports. The firm owned 42,200 shares of the exchange traded fund’s stock after purchasing an additional 19,254 shares during the period. Ascentis Independent Advisors’ holdings in iShares Gold Trust were worth $3,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schmidt P J Investment Management Inc. boosted its position in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after buying an additional 106 shares during the period. Foster Group Inc. increased its holdings in shares of iShares Gold Trust by 2.4% in the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 120 shares during the period. Haverford Trust Co increased its holdings in shares of iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after buying an additional 120 shares during the period. Evolution Wealth Management Inc. lifted its stake in shares of iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares during the last quarter. Finally, Brooks Moore & Associates Inc. lifted its stake in shares of iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after acquiring an additional 125 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold prices jumped after the softer U.S. employment data, boosting demand for gold-backed ETFs like IAU as rate-cut hopes and lower yields improved the appeal of non-yielding assets. Gold nears $4,200 as dollar slips after weak jobs data – Kitco AM Report
• Positive Sentiment: Market commentary pointed to central bank buying, ETF inflows, and diversification demand as ongoing structural support for gold, reinforcing the bullish case for IAU. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Several strategists said gold’s recovery above key technical levels signals stabilization and leaves room for further upside if the recent rebound continues. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Neutral Sentiment: Reports noted that holiday-weekend trading has been thin, which can exaggerate price moves but does not change the broader gold thesis. Gold Weekly Price Analysis – Gold Extends Weekly Gains as Weak Thursday Jobs Fuel Cut Bets
• Negative Sentiment: Some analysts warned that high U.S. interest rates and a stronger dollar can still cap gold’s upside, limiting how far IAU can run if macro conditions reverse. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku

iShares Gold Trust Price Performance

Shares of IAU stock opened at $77.51 on Monday. The business has a 50-day moving average of $82.89 and a 200 day moving average of $87.50. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40. The stock has a market capitalization of $64.02 billion, a PE ratio of 5.53 and a beta of 0.18.

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).