iShares Gold Trust $IAU Position Reduced by Hamilton Wealth LLC

Hamilton Wealth LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 9.7% during the 1st quarter, Holdings Channel reports. The firm owned 247,393 shares of the exchange traded fund’s stock after selling 26,671 shares during the quarter. iShares Gold Trust comprises about 4.2% of Hamilton Wealth LLC’s holdings, making the stock its 8th biggest position. Hamilton Wealth LLC’s holdings in iShares Gold Trust were worth $21,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC raised its stake in shares of iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after buying an additional 2,008,288 shares during the last quarter. Citigroup Inc. grew its stake in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after acquiring an additional 1,019,135 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in iShares Gold Trust by 503.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after acquiring an additional 776,215 shares in the last quarter. Finally, VCU Investment Management Co acquired a new position in iShares Gold Trust during the fourth quarter worth about $61,835,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $76.17 on Monday. 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 $62.91 billion, a PE ratio of 5.53 and a beta of 0.18. The firm’s 50-day moving average is $78.68 and its two-hundred day moving average is $86.56.

Key iShares Gold Trust News

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).