Hamilton Wealth LLC Raises Stake in iShares Gold Trust $IAU

Hamilton Wealth LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 170.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 742,179 shares of the exchange traded fund’s stock after buying an additional 468,115 shares during the period. iShares Gold Trust accounts for about 4.6% of Hamilton Wealth LLC’s portfolio, making the stock its 8th largest holding. Hamilton Wealth LLC owned 0.09% of iShares Gold Trust worth $65,431,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wills Financial Group LLC boosted its holdings in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth approximately $1,725,000. South Shore Capital Advisors acquired a new position in iShares Gold Trust in the 4th quarter valued at $858,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of iShares Gold Trust by 13.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock worth $67,320,000 after purchasing an additional 97,852 shares in the last quarter. Finally, AllGen Financial Advisors Inc. grew its stake in iShares Gold Trust by 3.4% during the fourth quarter. AllGen Financial Advisors Inc. now owns 378,708 shares of the exchange traded fund’s stock worth $30,740,000 after buying an additional 12,624 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $76.04 on Thursday. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40. The firm has a 50 day simple moving average of $79.01 and a two-hundred day simple moving average of $86.68. The company has a market cap of $62.80 billion, a P/E ratio of 5.53 and a beta of 0.18.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold prices rallied modestly after the Fed held rates steady, providing near-term support for IAU. The decision reduced immediate fears of another rate increase, although the Fed retained a tightening bias. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Technical analysts see early signs of a bullish reversal after gold defended key support, with a breakout above resistance potentially opening the way for further gains. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Retail demand for physical and digital precious metals is beginning to recover after a prolonged correction, suggesting dip-buying interest that could help stabilize gold and support IAU. Retail investors buy the dip as Royal Mint reports solid demand
• Neutral Sentiment: Gold held above the psychologically important $4,000-per-ounce level, but traders remain defensive and volatility could increase as markets assess the Fed’s guidance, bond yields and geopolitical developments. Gold holds above $4,000 as Fed decision keeps traders defensive
• Negative Sentiment: A hawkish monetary-policy backdrop, elevated yields and expectations that rates may remain higher for longer continue to pressure gold, limiting IAU’s upside. Gold drops amid hawkish monetary policy backdrop
• Negative Sentiment: Continued selling of unwanted gold jewelry indicates that consumers are taking advantage of elevated prices, while analysts warn gold could remain range-bound or under pressure amid the Iran conflict and inflation uncertainty. Investors are still cashing in unwanted gold jewelry

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).