Flputnam Investment Management Co. Raises Stock Holdings in iShares Gold Trust $IAU

Flputnam Investment Management Co. lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,858 shares of the exchange traded fund’s stock after acquiring an additional 19,777 shares during the quarter. Flputnam Investment Management Co.’s holdings in iShares Gold Trust were worth $10,622,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Bank of America Corp DE increased its position in iShares Gold Trust by 1.5% in the third 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 during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Gold Trust by 47.7% in 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 purchasing an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 20.6% in the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after purchasing an additional 2,245,617 shares in the last quarter. UBS Group AG grew its position 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 valued at $665,704,000 after purchasing an additional 561,489 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of iShares Gold Trust by 2.3% in the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

Key iShares Gold Trust News

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

• Neutral Sentiment: Gold is consolidating in a tight range, with some analysts saying the market is coiling for a volatility-driven breakout once a clearer direction emerges. Gold (XAU/USD) Price Forecast: Compression Signals Breakout Setup Ahead
• Neutral Sentiment: Demand for bullion remains strong underneath the surface, with the Royal Mint reporting record gold and silver bullion sales earlier in the year. Royal Mint sees record gold, silver bullion sales between January and March
• Neutral Sentiment: Some commentary noted that gold is still holding support near $4,500 an ounce, but investor conviction has faded as inflation stays elevated and recession concerns rise. Gold prices testing support at $4,500 as U.S. consumer confidence falls slight to 93.1
• Neutral Sentiment: Gold and silver saw choppy trading as investors waited for clearer signals on the Iran/U.S. situation and the broader risk backdrop. Gold Price Analysis – Gold continues to See Noisy Trading
• Negative Sentiment: Latest market reports said spot gold and silver were lower as a stronger dollar and renewed Middle East tension pressured bullion, even with equities near record highs. Metals dip as S&P, Nasdaq hit records on Iran deal hopes – Kitco PM Report
• Negative Sentiment: Precious metals also faced pressure from expectations that inflation and interest rates may stay elevated, which can weigh on gold’s appeal. Gold and silver prices under pressure from rising inflation and rate expectations, new Indian import tariffs – Heraeus
• Negative Sentiment: Several updates noted that gold slipped as traders weighed U.S.-Iran developments and reduced the conflict-driven safe-haven bid. Gold Edges Lower as Traders Weigh U.S.-Iran Deal’s Developments

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $84.81 on Wednesday. The stock has a market cap of $72.20 billion, a PE ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The stock has a fifty day moving average of $87.64 and a 200-day moving average of $87.20.

About iShares Gold Trust

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).