40,305 Shares in iShares Gold Trust $IAU Purchased by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, HoldingsChannel reports. The fund acquired 40,305 shares of the exchange traded fund’s stock, valued at approximately $3,272,000. iShares Gold Trust makes up about 2.1% of North Dallas Bank & Trust Co.’s portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hudson Oak Wealth Advisory LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at $1,725,000. Allianz SE lifted its position in iShares Gold Trust by 2.8% in the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after purchasing an additional 32,341 shares during the period. Advisory Services Network LLC lifted its position in iShares Gold Trust by 20.3% in the third quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after purchasing an additional 35,018 shares during the period. South Shore Capital Advisors purchased a new position in iShares Gold Trust in the fourth quarter valued at about $858,000. Finally, Center For Asset Management LLC increased its holdings in iShares Gold Trust by 275.8% in the fourth quarter. Center For Asset Management LLC now owns 17,345 shares of the exchange traded fund’s stock valued at $1,408,000 after buying an additional 12,729 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $80.07 on Wednesday. The firm has a 50 day simple moving average of $86.92 and a 200-day simple moving average of $87.65. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The stock has a market cap of $68.17 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: China continued buying gold, increasing its reserves for a 19th straight month, which provides some longer-term support for bullion demand. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Positive Sentiment: Some analysts still see a bullish long-term case for gold, arguing that inflation could eventually push real rates lower and support a later rebound. Rising inflation may push real rates lower, setting the stage for gold’s next rally – WisdomTree’s Shah
• Neutral Sentiment: Gold and silver were described as holding near steady at times as traders weighed geopolitical safe-haven demand against firmer U.S. rate expectations ahead of inflation data. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Neutral Sentiment: Gold price action is increasingly tied to upcoming U.S. inflation releases and interest-rate expectations, leaving traders waiting for a clearer catalyst. Gold Price Analysis – Gold Continues to Move to Rate Markets
• Negative Sentiment: Gold has broken below key technical support, with multiple reports citing weakness under the 200-day moving average and growing downside risk. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds After Breakdown
• Negative Sentiment: Stronger U.S. jobs and housing data have reduced expectations for near-term Fed easing, lifting yields and pressuring gold further. Gold price continues to struggle as U.S. Existing Home Sales rise 3.2% in May
• Negative Sentiment: Fed rate-hike expectations have climbed, and several analysts say the broader precious-metals complex is selling off, adding to downside pressure on gold. Gold News: Fed Rate Hike Expectations Put Gold Market Under Pressure
• Negative Sentiment: Platinum and palladium also extended losses, signaling broader weakness across precious metals rather than an isolated move in gold. Platinum, palladium extend losses as Bank of America maintains bullish year-end price outlook

iShares Gold Trust Company 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).