IFP Advisors Inc Cuts Position in iShares Gold Trust $IAU

IFP Advisors Inc decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 555,136 shares of the exchange traded fund’s stock after selling 11,717 shares during the period. iShares Gold Trust makes up approximately 0.8% of IFP Advisors Inc’s holdings, making the stock its 15th biggest holding. IFP Advisors Inc’s holdings in iShares Gold Trust were worth $41,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. raised its holdings in shares of iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after buying an additional 1,893,594 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after acquiring an additional 1,019,135 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in iShares Gold Trust during the second quarter valued at approximately $76,854,000. Orion Porfolio Solutions LLC raised its stake in shares of iShares Gold Trust by 503.7% during the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after acquiring an additional 776,215 shares in the last quarter. Finally, VCU Investment Management Co purchased a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $61,835,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold’s longer-term outlook remains constructive. Société Générale said synchronized positioning across physical gold, futures, options and ETFs indicates a broad-based bull market. Synchronized build-up of gold exposure
• Positive Sentiment: China’s central bank bought 20.2 metric tonnes of gold in August, its largest monthly purchase since October 2023, providing support for official-sector demand. China central bank gold purchase
• Positive Sentiment: Goldman Sachs metals executive Anthony Kim expects the bull trend to resume and sees fresh all-time highs over the medium term. Debt-free major miners may also increase gold purchases or shareholder returns as cash builds. Gold miners and future buying
• Neutral Sentiment: Gold is consolidating near major resistance, with technical analysts identifying roughly $4,500–$4,511 as a key breakout area. U.S. CPI and PPI data could determine the next direction. Gold breakout forecast
• Neutral Sentiment: Renewed U.S.-Iran tensions and dollar weakness offer safe-haven support, but their impact is competing with interest-rate concerns. Iran risks and metals forecast
• Negative Sentiment: Rising crude oil prices and elevated Treasury yields increased expectations for a more hawkish Fed, pressuring non-yielding gold and IAU. Gold price and oil report
• Negative Sentiment: Stronger U.S. employment data revived rate-hike bets, while traders await inflation data that could reinforce higher-rate expectations. Gold falls on hawkish Fed expectations

iShares Gold Trust Stock Performance

Shares of IAU opened at $81.95 on Wednesday. iShares Gold Trust has a fifty-two week low of $68.17 and a fifty-two week high of $104.40. The firm has a market cap of $67.68 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. The firm has a 50 day moving average price of $80.01 and a 200-day moving average price of $84.74.

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).