iShares Gold Trust $IAU Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 320.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,347 shares of the exchange traded fund’s stock after purchasing an additional 15,508 shares during the quarter. Money Concepts Capital Corp’s holdings in iShares Gold Trust were worth $1,652,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE grew its stake in iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after purchasing an additional 456,140 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Gold Trust by 47.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after purchasing an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Gold Trust by 20.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after purchasing an additional 2,245,617 shares in the last quarter. UBS Group AG grew its stake in iShares Gold Trust by 6.5% during the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after purchasing an additional 561,489 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in iShares Gold Trust by 2.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Several analysts remain constructive on gold over the medium term, with forecasts calling for higher prices later this year as debt concerns, central bank demand, and ongoing ETF inflows support the metal. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Positive Sentiment: Gold bull commentary and reports of fresh global gold ETF inflows suggest continued investor demand for the metal despite inflation-driven volatility. Global gold ETFs see fresh inflows despite rising inflation risks
• Neutral Sentiment: Gold is hovering around a key technical resistance zone, leaving traders focused on whether it breaks higher or slips back toward support. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Negative Sentiment: Hot CPI data strengthened the dollar and yields, weighing on gold prices and reducing near-term appeal for IAU. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
• Negative Sentiment: Rising Treasury yields and a stronger dollar continued to pressure precious metals, keeping gold under short-term downside pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Bet On Hawkish Fed

iShares Gold Trust Stock Down 0.4%

Shares of NYSEARCA IAU opened at $88.71 on Wednesday. iShares Gold Trust has a fifty-two week low of $59.71 and a fifty-two week high of $104.40. The business has a 50 day moving average price of $89.86 and a two-hundred day moving average price of $86.49. The firm has a market cap of $75.52 billion, a PE ratio of 5.53 and a beta of 0.16.

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).