Proficio Capital Partners LLC Has $165.46 Million Holdings in iShares Gold Trust $IAU

Proficio Capital Partners LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,191,169 shares of the exchange traded fund’s stock after purchasing an additional 118,328 shares during the period. iShares Gold Trust accounts for approximately 6.1% of Proficio Capital Partners LLC’s portfolio, making the stock its 2nd largest position. Proficio Capital Partners LLC’s holdings in iShares Gold Trust were worth $165,455,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Haverford Trust Co boosted its position in shares of iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 120 shares during the period. Evolution Wealth Management Inc. increased its position in iShares Gold Trust by 40.3% during the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 124 shares during the period. Brooks Moore & Associates Inc. raised its stake in iShares Gold Trust by 2.1% during the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after purchasing an additional 125 shares during the last quarter. SmartHarvest Portfolios LLC raised its stake in iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 129 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its holdings in iShares Gold Trust by 1.9% in the 4th quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 130 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key iShares Gold Trust News

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

• Positive Sentiment: Analysts at Julius Baer said the Treasury’s increased bond-buyback plans are renewing concerns about U.S. fiscal policy and potential dollar debasement. Those concerns could encourage investors to add exposure to gold through funds such as IAU. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
• Positive Sentiment: Unusually heavy IAU call-option activity suggests some traders are positioning for a rebound or further upside in the gold ETF, with call volume running well above its typical level.
• Positive Sentiment: Longer-term bullish forecasts remain supportive: Crescat’s Kevin Smith argued that expanding global money supply and unsustainable government debt could sustain gold’s secular bull market. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation
• Neutral Sentiment: Renewed U.S.-Iran and Gulf tensions are lifting oil prices and creating competing forces for gold: geopolitical risk supports safe-haven demand, while higher energy prices raise inflation and interest-rate concerns. Gold price slips as oil spike, Fed-hike odds hit risk appetite
• Negative Sentiment: Fed Chair Kevin Warsh’s hawkish remarks increased expectations for a September rate hike. Higher yields and a firmer dollar raise the opportunity cost of holding non-yielding gold, weighing on IAU. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk
• Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed signal, raising the risk of additional selling pressure across gold-backed funds. Technical analysts are also watching key support levels after the recent selloff. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $83.71 on Tuesday. The company has a market cap of $69.14 billion, a PE ratio of 5.53 and a beta of 0.18. The firm has a fifty day moving average price of $79.19 and a two-hundred day moving average price of $85.21. iShares Gold Trust has a fifty-two week low of $64.41 and a fifty-two week high of $104.40.

iShares Gold Trust 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).