Public Employees Retirement System of Ohio Buys Shares of 1,017,800 iShares Gold Trust $IAU

Public Employees Retirement System of Ohio purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,017,800 shares of the exchange traded fund’s stock, valued at approximately $76,854,000.

A number of other hedge funds have also recently modified their holdings of IAU. LPL Financial LLC raised its position in shares of iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after buying an additional 203,528 shares during the period. Wells Fargo & Company MN grew its position in iShares Gold Trust by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after acquiring an additional 260,541 shares during the period. BlackRock Inc. increased its stake in iShares Gold Trust by 1.3% during the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after acquiring an additional 109,246 shares during the last quarter. Citigroup Inc. increased its stake in iShares Gold Trust by 35.7% during the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares Gold Trust by 2.3% in the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Summary

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

• Positive Sentiment: Longer-term demand remains favorable. Analysts cited rising government debt, de-dollarization and currency-debasement concerns as reasons gold could continue climbing, with some forecasts calling for prices above $5,000 or even $5,400. Gold is a clear beneficiary of de-dollarization
• Positive Sentiment: Gold’s bullish trend remains intact as prices hold above major technical support near $4,500-$4,527. A successful defense of the 200-day moving average could reopen upside targets around $4,774-$4,800, supporting IAU. Gold Price Tests $4,527 Support With $4,774 Target in Play
• Neutral Sentiment: Investors are awaiting Kevin Warsh’s Jackson Hole remarks and additional Federal Reserve signals. The outlook is balanced between fiscal concerns that favor gold and the possibility that persistent inflation keeps policy restrictive. Gold (XAUUSD) Price Forecast: Gold Waits on Warsh as Dollar Weakness Stalls
• Negative Sentiment: Near-term gains are constrained by hotter-than-expected PCE inflation, stronger Treasury yields and a firmer dollar, which reduce the appeal of non-yielding gold. Better-than-expected jobless claims also kept the risk of additional Fed tightening alive. Gold steadies near $4,590 as claims dip, Fed hike risk stays live
• Negative Sentiment: Analysts warned that gold may be overbought after a roughly 15% August rally, increasing the risk of profit-taking or a pullback if prices fail to clear resistance near $4,700-$4,800. Gold bulls still in control as market holds well above key support

iShares Gold Trust Stock Up 0.3%

Shares of iShares Gold Trust stock opened at $86.62 on Friday. iShares Gold Trust has a 52 week low of $64.09 and a 52 week high of $104.40. The business’s fifty day simple moving average is $79.00 and its 200-day simple moving average is $85.38. The firm has a market cap of $71.54 billion, a PE ratio of 5.53 and a beta of 0.18.

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).