Concurrent Investment Advisors LLC Has $28.26 Million Stock Holdings in iShares Gold Trust $IAU

Concurrent Investment Advisors LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 374,204 shares of the exchange traded fund’s stock after purchasing an additional 20,974 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Gold Trust were worth $28,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter worth $1,864,000. Bison Wealth LLC boosted its stake in iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares in the last quarter. AQR Capital Management LLC grew its position in iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after acquiring an additional 8,609 shares during the last quarter. Glenview Trust co grew its position in iShares Gold Trust by 9.7% in the second quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in iShares Gold Trust by 6.3% during the second quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 2,172 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.9%

Shares of NYSEARCA IAU opened at $84.10 on Friday. The company has a market cap of $69.46 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 12 month low of $66.61 and a 12 month high of $104.40. The stock has a 50-day moving average price of $79.59 and a two-hundred day moving average price of $84.97.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold prices broke above near-term resistance and reclaimed important technical levels, improving the outlook for a move toward $4,852 and potentially higher. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Falling Treasury yields and a less-hawkish tone from Fed Governor Christopher Waller reduced the opportunity cost of holding non-yielding gold. Markets are now focused on whether employment data will further weaken expectations for rate hikes. Gold price nears $4,500 as jobs data, Waller ease yield pressure
• Positive Sentiment: Central banks bought a net 23 tonnes of gold in July, led by China and Poland, reinforcing the longer-term demand backdrop for IAU. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Strategists at Société Générale, Schroders and RBC remain constructive on gold, citing debt, inflation, de-dollarization, currency risks and geopolitical uncertainty. Their forecasts for prices near or above $5,000 support bullish sentiment. It’s time to get bullish on gold again, says SocGen
• Positive Sentiment: The Netherlands moved roughly 86 tonnes of gold from New York and Ottawa to London, citing geopolitical risks and crisis preparedness. Although this was a storage decision rather than a purchase, it highlights growing official concern about geopolitical and custody risks. Dutch central bank moves gold bars out of U.S. and Canada
• Neutral Sentiment: U.S. services activity strengthened to a better-than-expected 55.4 in August, a sign of economic resilience that could support higher interest rates and limit gold’s upside. Gold price after ISM Services PMI rises
• Negative Sentiment: Friday’s U.S. nonfarm-payrolls report remains the key near-term risk. A stronger-than-expected result could lift yields and rate-hike expectations, pressuring gold and IAU. Gold Price Forecast: $4,500 Test Sets Stage for NFP

iShares Gold Trust 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).