iShares Gold Trust $IAU Stock: Wealth Management Partners LLC Reduces Position

Wealth Management Partners LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,116 shares of the exchange traded fund’s stock after selling 6,687 shares during the quarter. iShares Gold Trust comprises approximately 3.1% of Wealth Management Partners LLC’s portfolio, making the stock its 8th biggest position. Wealth Management Partners LLC’s holdings in iShares Gold Trust were worth $13,364,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sage Private Wealth Group LLC raised its holdings in shares of iShares Gold Trust by 2.9% in the third quarter. Sage Private Wealth Group LLC now owns 210,846 shares of the exchange traded fund’s stock valued at $16,467,000 after buying an additional 5,978 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of iShares Gold Trust by 26.7% during the third quarter. Magnus Financial Group LLC now owns 10,807 shares of the exchange traded fund’s stock worth $844,000 after buying an additional 2,275 shares during the period. White Lighthouse Investment Management Inc. grew its holdings in shares of iShares Gold Trust by 5.5% during the third quarter. White Lighthouse Investment Management Inc. now owns 206,769 shares of the exchange traded fund’s stock worth $16,149,000 after buying an additional 10,704 shares during the last quarter. Kings Path Partners LLC purchased a new position in shares of iShares Gold Trust during the third quarter worth about $252,000. Finally, Guardian Partners Inc. grew its holdings in shares of iShares Gold Trust by 86.0% during the third quarter. Guardian Partners Inc. now owns 28,125 shares of the exchange traded fund’s stock worth $2,197,000 after buying an additional 13,000 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.3%

IAU opened at $77.71 on Thursday. The business has a 50 day moving average price of $81.17 and a two-hundred day moving average price of $81.88. The company has a market cap of $61.28 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52 week low of $73.74 and a 52 week high of $104.40.

iShares Gold Trust News Roundup

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).