Public Employees Retirement System of Ohio Raises Stake in iShares Gold Trust $IAU

Public Employees Retirement System of Ohio raised its holdings in iShares Gold Trust (NYSEARCA:IAU) by 109.1% during the first quarter, HoldingsChannel reports. The firm owned 1,017,800 shares of the exchange traded fund’s stock after buying an additional 531,100 shares during the period. Public Employees Retirement System of Ohio’s holdings in iShares Gold Trust were worth $89,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wills Financial Group LLC grew its position in iShares Gold Trust by 9.8% during the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after buying an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC bought a new position in iShares Gold Trust in the fourth quarter worth approximately $1,725,000. Mirae Asset Global Investments Co. Ltd. raised its position in iShares Gold Trust by 13.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock worth $67,320,000 after acquiring an additional 97,852 shares during the period. South Shore Capital Advisors purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $858,000. Finally, AllGen Financial Advisors Inc. boosted its stake in shares of iShares Gold Trust by 3.4% during the 4th quarter. AllGen Financial Advisors Inc. now owns 378,708 shares of the exchange traded fund’s stock worth $30,740,000 after acquiring an additional 12,624 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Some investors still see the pullback in gold as healthy profit-taking rather than a breakdown in the longer-term uptrend, suggesting support may hold near current levels.
• Positive Sentiment: Several market commentators, including John Paulson, reiterated that the gold bull market may still be in its early stages, pointing to ongoing central bank buying and broadening investor demand.
• Neutral Sentiment: Technical analysts say gold is trapped between support near $4,000 and resistance around $4,200, so near-term direction may depend on whether buyers can defend key levels.
• Neutral Sentiment: Central bank and sovereign buying remains part of the longer-term support story for gold, but recent headlines also note that the market is consolidating after a sharp run-up.
• Negative Sentiment: Spot gold fell sharply as higher Treasury yields, a firmer U.S. dollar, and stronger-than-expected U.S. weekly jobless claims data pressured precious metals. Article Title
• Negative Sentiment: Recent market commentary also says gold is struggling to hold gains above $4,100, with rising rates and a stronger dollar creating near-term headwinds for bullion and gold-backed funds like IAU.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $76.15 on Friday. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The firm has a fifty day moving average price of $79.74 and a 200-day moving average price of $86.91. The company has a market cap of $62.89 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

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).