iShares Gold Trust $IAU Stock Acquired by Guardian Partners Inc.

Guardian Partners Inc. raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 86.0% in the third quarter, Holdings Channel.com reports. The firm owned 28,125 shares of the exchange traded fund’s stock after buying an additional 13,000 shares during the period. Guardian Partners Inc.’s holdings in iShares Gold Trust were worth $2,197,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IAU. Variant Private Wealth LLC raised its stake in shares of iShares Gold Trust by 184.7% in the third quarter. Variant Private Wealth LLC now owns 67,994 shares of the exchange traded fund’s stock worth $5,310,000 after purchasing an additional 44,112 shares during the last quarter. LifeWealth Investments LLC lifted its holdings in shares of iShares Gold Trust by 9.8% in the third quarter. LifeWealth Investments LLC now owns 151,407 shares of the exchange traded fund’s stock valued at $11,825,000 after purchasing an additional 13,566 shares in the last quarter. Sowell Financial Services LLC boosted its position in shares of iShares Gold Trust by 79.8% during the third quarter. Sowell Financial Services LLC now owns 161,542 shares of the exchange traded fund’s stock valued at $12,616,000 after buying an additional 71,691 shares during the last quarter. Cushing Capital Partners LLC boosted its position in shares of iShares Gold Trust by 1.7% during the third quarter. Cushing Capital Partners LLC now owns 39,390 shares of the exchange traded fund’s stock valued at $3,076,000 after buying an additional 640 shares during the last quarter. Finally, Parkside Investments LLC boosted its position in shares of iShares Gold Trust by 3.3% during the third quarter. Parkside Investments LLC now owns 156,855 shares of the exchange traded fund’s stock valued at $12,250,000 after buying an additional 4,970 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.3%

Shares of iShares Gold Trust stock opened at $77.71 on Thursday. The stock has a fifty day simple moving average of $81.17 and a 200 day simple moving average of $81.88. iShares Gold Trust has a 12-month low of $73.74 and a 12-month high of $104.40. The company has a market capitalization of $61.28 billion, a P/E ratio of 5.53 and a beta of 0.18.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold gained in late U.S. trading as Treasury yields stabilized, the dollar weakened and crude oil prices eased. These developments reduce the opportunity cost of holding non-yielding gold and are supportive of IAU. Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns – Kitco PM Report
• Positive Sentiment: Gold is testing a potential bottom as the U.S. 10-year real yield eased to 2.77%. A sustained decline in real yields could improve demand for gold and provide further support to IAU. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
• Positive Sentiment: Royal Mint sales indicate that demand for precious metals remains resilient despite high prices and rising bond yields, while BlackRock’s Evy Hambro cited debt, fiscal deficits, currency depreciation and geopolitical risks as longer-term supports for gold. Royal Mint sees record silver and platinum sales, renewed gold demand despite higher prices and rising bond yields
• Neutral Sentiment: Technical analysts describe gold as consolidating between important support and resistance levels, with a decisive breakout possible. This creates upside potential for IAU but also leaves the ETF vulnerable to another decline if support fails. Gold (XAU/USD) Price Forecast: Consolidation Sets Stage for Decisive Breakout
• Negative Sentiment: Markets continue to price a high probability of a December Fed rate hike. Higher rates and real yields can pressure gold by making income-producing assets more attractive, weighing on IAU. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Negative Sentiment: Russia’s sale of 6.2 tonnes of gold in September reduced its bullion holdings to the lowest level since 2019, introducing a modest source of official-sector selling pressure. Russia sells 6.2 tonnes of gold in September

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).