Equitable Trust Co. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,702,312 shares of the exchange traded fund’s stock after selling 48,941 shares during the quarter. iShares Gold Trust makes up 6.9% of Equitable Trust Co.’s holdings, making the stock its 2nd largest holding. Equitable Trust Co. owned 0.20% of iShares Gold Trust worth $150,076,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in iShares Gold Trust by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after buying an additional 456,140 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Gold Trust by 1.5% in the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of iShares Gold Trust by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after acquiring an additional 260,541 shares in the last quarter. UBS Group AG boosted its stake in shares of iShares Gold Trust by 6.5% in the third quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after acquiring an additional 561,489 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after acquiring an additional 1,893,594 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 1.0%
NYSEARCA:IAU opened at $77.51 on Friday. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The stock has a 50-day moving average price of $82.05 and a 200 day moving average price of $87.39. The stock has a market capitalization of $64.02 billion, a P/E ratio of 5.53 and a beta of 0.18.
More iShares Gold Trust News
- Positive Sentiment: Gold rebounded above $4,100/oz as Middle East tensions, safe-haven demand, and better-than-expected jobless claims supported prices. Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k
- Positive Sentiment: Analysts say gold still belongs in portfolios, and that recent weakness may be a buying opportunity as long-term commodity demand stays intact. Gold still belongs in portfolios, but AI and the green transition are creating bigger opportunities elsewhere in commodities – FTSE Russell
- Positive Sentiment: Some strategists view the recent gold selloff as a pause in a secular bull market, noting that bullion and miners may be undervalued after the pullback. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
- Neutral Sentiment: Gold may stay rangebound through the summer if hawkish Fed policy, firm Treasury yields, and a strong dollar continue to cap upside. Gold prices will be rangebound through the summer – Metals Focus
- Neutral Sentiment: Technical traders say gold is trying to reverse higher, but confirmation still depends on reclaiming key resistance levels. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
- Negative Sentiment: Hawkish Fed minutes, higher yields, and rising oil prices have pressured gold at times this week, showing that macro headwinds are still in play. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
- Negative Sentiment: ETF outflows and fears of a prolonged “death cross” suggest some investors are still reducing gold exposure. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation
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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