Rockefeller Capital Management L.P. Raises Stock Position in iShares Gold Trust $IAU

Rockefeller Capital Management L.P. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,999,238 shares of the exchange traded fund’s stock after purchasing an additional 320,712 shares during the period. Rockefeller Capital Management L.P. owned 0.24% of iShares Gold Trust worth $162,278,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IAU. Godfrey Financial Associates Inc. purchased a new position in iShares Gold Trust in the 4th quarter valued at about $25,000. Rossby Financial LCC boosted its holdings in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Monetary Solutions Ltd acquired a new stake in iShares Gold Trust in the 4th quarter worth about $26,000. Gables Capital Management Inc. increased its stake in iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 225 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $79.33 on Friday. The stock has a market capitalization of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15. The business has a 50 day simple moving average of $85.56 and a two-hundred day simple moving average of $87.67. iShares Gold Trust has a 12 month low of $61.37 and a 12 month high of $104.40.

About iShares Gold Trust

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).