Patriot Investment Management Group Inc. Purchases 13,080 Shares of iShares Gold Trust $IAU

Patriot Investment Management Group Inc. grew its position in iShares Gold Trust (NYSEARCA:IAU) by 33.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,268 shares of the exchange traded fund’s stock after buying an additional 13,080 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares Gold Trust were worth $4,082,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IAU. BlackRock Inc. increased its holdings in shares of iShares Gold Trust by 1.3% during the 2nd quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after buying an additional 109,246 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of iShares Gold Trust by 5.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock valued at $165,455,000 after buying an additional 118,328 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in iShares Gold Trust by 19.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,999,238 shares of the exchange traded fund’s stock valued at $162,278,000 after acquiring an additional 320,712 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares Gold Trust by 8.8% in the second quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock valued at $138,941,000 after acquiring an additional 149,558 shares during the last quarter. Finally, AlTi Global Inc. lifted its holdings in iShares Gold Trust by 5.4% in the second quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after acquiring an additional 84,457 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold rebounded as the dollar and Treasury yields weakened. Lower yields reduce the opportunity cost of holding non-yielding gold, supporting the underlying asset tracked by IAU. Gold, Silver, Platinum Forecasts – Gold Rebounds As Dollar Dives
• Positive Sentiment: China’s official and investment demand provided a fundamental tailwind. The People’s Bank of China added 23 tonnes to its reserves in September, while Chinese gold ETFs recorded strong inflows and holiday demand for jewelry, bars and coins improved. China buys the gold dip as ETF holdings hit record
• Positive Sentiment: Technical support encouraged dip-buying. Gold held above key support near $4,100 after retesting recent lows, while a weaker Philadelphia manufacturing reading helped reinforce expectations for softer economic activity and supported prices. Gold Price Forecast: $4,103 Support Puts Bears to the Test
• Neutral Sentiment: Gold remains volatile following a sharp CPI-driven decline. Comex gold later settled higher, but investors continue to assess whether the rebound represents a durable trend reversal or merely a technical correction. Comex Gold Settles Higher
• Negative Sentiment: Hot U.S. inflation remains a headwind. September PPI rose much more than expected, keeping Treasury yields and expectations for additional Federal Reserve tightening elevated. Higher rates could pressure gold and IAU if they persist. Gold Faces Fresh Inflation Test

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $78.47 on Friday. The firm has a market capitalization of $61.88 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a fifty-two week low of $73.74 and a fifty-two week high of $104.40. The stock has a 50 day moving average of $81.53 and a 200 day moving average of $82.15.

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).