GenWealth Group Inc. Acquires 90,030 Shares of iShares Gold Trust $IAU

GenWealth Group Inc. raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 726,552 shares of the exchange traded fund’s stock after purchasing an additional 90,030 shares during the quarter. iShares Gold Trust accounts for about 8.9% of GenWealth Group Inc.’s portfolio, making the stock its largest position. GenWealth Group Inc.’s holdings in iShares Gold Trust were worth $56,744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $76,854,000. VCU Investment Management Co purchased a new position in iShares Gold Trust in the fourth quarter worth about $61,835,000. Crcm LP grew its position in iShares Gold Trust by 73.7% in the first quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock worth $111,125,000 after acquiring an additional 530,148 shares in the last quarter. Eurizon Asset Management Hungary Ltd. purchased a new position in iShares Gold Trust in the first quarter worth about $42,494,000. Finally, Hamilton Wealth LLC increased its stake in iShares Gold Trust by 170.8% during the first quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock worth $65,431,000 after acquiring an additional 468,115 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: Falling Treasury and real yields, along with a softer U.S. dollar and reduced expectations for an October Fed hike, helped gold recover from its recent selloff—supportive for IAU. Wall Street undecided on gold’s near-term trajectory
• Positive Sentiment: Gold has rebounded from the key $4,000 demand zone for a second consecutive week. Analysts say lower real yields and improving technical structure could support an upside breakout if resistance near $4,200–$4,226 is cleared. Gold Weekly Price Forecast
• Positive Sentiment: Chinese demand remains a fundamental tailwind: the country’s central bank added 23 tonnes to its reserves, while Chinese gold ETFs attracted inflows and holiday demand for jewelry, bars and coins improved. China buys the gold dip
• Neutral Sentiment: Next week’s U.S. housing, manufacturing, employment and consumer-sentiment reports could drive gold and IAU volatility by influencing expectations for the Fed’s interest-rate path. Gold looks to housing, PMI and consumer sentiment data
• Neutral Sentiment: Gold is holding above technical support but faces significant resistance around $4,201 to $4,226, leaving investors divided over whether the recent rebound can develop into a sustained breakout. Gold Price Forecast: Bulls Face Crucial Resistance
• Negative Sentiment: U.S. inflation remains the key headwind. September PPI rose 6.3% year over year and CPI reached 3.7%, increasing the possibility that the Fed keeps rates higher for longer or considers a December hike. Gold holding overnight gains as PPI rises
• Negative Sentiment: Hot inflation and stronger-than-expected retail sales have supported higher-rate expectations, while rising yields and a firmer dollar previously triggered a sharp gold selloff. Gold Lost $100 an Ounce After the Inflation Report

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $78.34 on Friday. The firm has a market capitalization of $61.78 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a 50 day simple moving average of $81.46 and a 200-day simple moving average of $82.13. iShares Gold Trust has a 1 year low of $73.74 and a 1 year 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).