Norris Financial Group LLC Takes Position in iShares Gold Trust $IAU

Norris Financial Group LLC acquired a new stake in iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 236,569 shares of the exchange traded fund’s stock, valued at approximately $20,856,000. iShares Gold Trust comprises about 6.8% of Norris Financial Group LLC’s holdings, making the stock its 2nd largest position.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of iShares Gold Trust in the fourth quarter valued at about $1,864,000. Bison Wealth LLC boosted its holdings in shares of iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC boosted its holdings in shares of iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after buying an additional 8,609 shares during the period. Glenview Trust co grew its stake in iShares Gold Trust by 9.7% in the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in iShares Gold Trust by 6.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock valued at $2,296,000 after buying an additional 2,172 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.7%

Shares of IAU stock opened at $77.30 on Friday. iShares Gold Trust has a 12-month low of $61.99 and a 12-month high of $104.40. The company has a market capitalization of $63.84 billion, a PE ratio of 5.53 and a beta of 0.18. The firm has a 50 day moving average price of $78.85 and a two-hundred day moving average price of $86.63.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: June PCE inflation came in softer than expected, while the U.S. dollar weakened. Lower inflation and currency pressure can improve gold’s appeal by increasing expectations for eventual Federal Reserve rate cuts. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Gold demand remains resilient despite its second-quarter selloff. Central-bank purchases and strong Asian buying provide fundamental support for bullion and, by extension, IAU. Gold demand proves resilient despite Q2 selloff
• Positive Sentiment: The Fed’s decision to keep interest rates unchanged triggered a relief rally in gold. Gold also held above the important $4,000-per-ounce area, suggesting buyers remain active near support. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Neutral Sentiment: Technical analysts see renewed strength after gold found support near $3,996, but a sustained move above roughly $4,203 is needed to confirm a broader bullish reversal. Until then, gold and IAU may remain range-bound. Gold XAU/USD Price Forecast
• Negative Sentiment: The Fed’s “hawkish hold,” firm Treasury yields and resilient jobless-claims data indicate that interest rates may stay restrictive for longer. That raises the opportunity cost of holding non-yielding gold and could cap IAU’s gains. Fed’s hawkish hold stabilizes gold and silver

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).