Waverly Advisors LLC Raises Stake in iShares Gold Trust $IAU

Waverly Advisors LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 223.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 353,400 shares of the exchange traded fund’s stock after buying an additional 244,140 shares during the period. Waverly Advisors LLC’s holdings in iShares Gold Trust were worth $26,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAU. LPL Financial LLC raised its stake in shares of iShares Gold Trust by 1.5% in 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 acquiring an additional 203,528 shares during the period. Wells Fargo & Company MN increased its holdings in iShares Gold Trust by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after purchasing an additional 260,541 shares in the last quarter. BlackRock Inc. raised its position in iShares Gold Trust by 1.3% in the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock valued at $659,404,000 after purchasing an additional 109,246 shares during the period. Citigroup Inc. lifted its stake in shares of 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 purchasing an additional 1,893,594 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of 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 worth $412,563,000 after buying an additional 148,881 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

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

• Positive Sentiment: China’s central bank purchased 20.2 metric tonnes of gold in August, its largest monthly addition since October 2023. Continued central-bank demand provides important structural support for gold prices. China’s central bank buys 20.2 tonnes of gold in August
• Positive Sentiment: Société Générale said physical, futures and options positioning remains broadly bullish, while Goldman Sachs characterized the recent weakness as a pause rather than the end of gold’s longer-term uptrend. These views support the possibility of renewed gains for IAU if prices break resistance. Société Générale gold positioning analysis
• Positive Sentiment: Renewed U.S.-Iran tensions and a weaker dollar have supplied some safe-haven support, limiting the downside in precious metals. Iran risks support metals
• Neutral Sentiment: Gold is consolidating near technical resistance. A move above roughly $4,500–$4,511 could trigger renewed momentum, while upcoming U.S. PPI and CPI reports may determine the next major direction. Gold Price Forecast: $4,511 Breakout Could Spark Momentum
• Negative Sentiment: Gold retreated as crude oil approached $100, Treasury yields stayed elevated and stronger employment data increased expectations for a hawkish Fed. Higher yields raise the opportunity cost of holding non-yielding gold, weighing on IAU in the short term. Gold price slides as Brent nears $100

iShares Gold Trust Stock Performance

Shares of IAU stock traded down $1.44 during trading hours on Tuesday, reaching $81.95. The company had a trading volume of 4,470,623 shares, compared to its average volume of 9,909,433. The company has a market capitalization of $67.68 billion, a P/E ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a twelve month low of $68.17 and a twelve month high of $104.40. The stock’s fifty day simple moving average is $80.01 and its 200 day simple moving average is $84.74.

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).