Merit Financial Group LLC raised its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 649,154 shares of the exchange traded fund’s stock after purchasing an additional 70,793 shares during the quarter. Merit Financial Group LLC owned 0.08% of iShares Gold Trust worth $52,692,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in iShares Gold Trust during the 3rd quarter worth about $25,000. Mountain Hill Investment Partners Corp. acquired a new position in iShares Gold Trust in the 3rd quarter valued at about $29,000. Dakota Community Bank & Trust NA acquired a new position in iShares Gold Trust in the 4th quarter valued at about $30,000. Fourth Dimension Wealth LLC increased its stake in iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in iShares Gold Trust during the third quarter worth about $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
Shares of IAU opened at $90.16 on Friday. The company’s 50-day simple moving average is $92.15 and its 200-day simple moving average is $85.01. iShares Gold Trust has a 1 year low of $59.71 and a 1 year high of $104.40. The stock has a market capitalization of $76.76 billion, a PE ratio of 5.53 and a beta of 0.20.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: U.S.–Iran diplomacy hopes reduced demand for the dollar as a haven, which supported gold prices and provided upside interest for gold-backed products like IAU. Gold Edges Higher on Hopes for U.S.-Iran Deal
- Positive Sentiment: Separately, reports noting dollar weakness tied to diplomacy and risk-on flows offered intermittent support to gold, cushioning downside pressure. Losses by the Dollar as Focus on Diplomacy Continues
- Neutral Sentiment: Technical and range‑bound commentary: analysts say gold remains in a trading range and needs a decisive breakout (above the 50‑day MA) to confirm further upside; until then, IAU may track choppy price action. Gold and Silver Price Analysis: Will a Breakout End the Current Range?
- Neutral Sentiment: Intraday/technical pieces note modest, consolidative trading and technical buying; these suggest short‑term range trading rather than a clear trend for IAU. Gold up a bit, silver weaker in quieter, consolidative trade
- Negative Sentiment: Odds of an imminent Fed rate cut fell (to ~27%), and commentary that the Fed remains on hold lifted the dollar and raised opportunity cost for holding gold, weighing on IAU. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
- Negative Sentiment: Stronger regional economic readings (e.g., Philly Fed jump) and higher Treasury yields have weakened gold’s safe‑haven appeal and contributed to profit‑taking, pressuring gold-linked ETFs. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps in April
- Negative Sentiment: Analysts flag profit‑taking as yields tick up, a short‑term headwind for gold that can produce downside for IAU until macro drivers stabilize. Gold Pulls Back Amid Profit-Taking
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).
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