Petersen Hastings Wealth Advisors Inc. Invests $679,000 in iShares Gold Trust $IAU

Petersen Hastings Wealth Advisors Inc. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, Holdings Channel.com reports. The fund purchased 8,364 shares of the exchange traded fund’s stock, valued at approximately $679,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IAU. CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth approximately $193,639,000. JPMorgan Chase & Co. raised its position in shares of iShares Gold Trust by 20.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock worth $958,034,000 after purchasing an additional 2,245,617 shares during the period. Concurrent Investment Advisors LLC raised its position 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 purchasing an additional 2,008,288 shares during the period. Mizuho Bank Ltd. acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth approximately $120,798,000. Finally, Emory University acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth approximately $78,661,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.8%

Shares of iShares Gold Trust stock opened at $84.28 on Friday. The business’s 50 day simple moving average is $87.11 and its 200-day simple moving average is $87.56. The stock has a market capitalization of $71.75 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold regained momentum as softer U.S. jobless claims and other weaker labor signals boosted expectations for rate cuts, which is supportive for bullion and IAU. Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k
• Positive Sentiment: Analysts said deglobalization and the global scramble for strategic resources are reinforcing gold’s role as a reserve asset, a longer-term tailwind for bullion demand. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
• Positive Sentiment: Central banks bought net gold in April, led by Poland and China, signaling ongoing official-sector demand that supports the gold price. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Neutral Sentiment: Technical commentary is mixed, with some traders seeing a potential rebound from support while others say gold is still trapped in a consolidation range and needs confirmation above resistance. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Key Inflection Zone
• Negative Sentiment: China’s gold market is cooling, with reports of ETF outflows and weaker local demand, which could soften a key source of recent support for bullion. China’s gold market is cooling, multiple metrics show
• Negative Sentiment: Several reports say gold is under pressure from stronger Treasury yields, Fed hike fears, and a still-resilient U.S. economy, all of which can weigh on IAU near term. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike

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).