White Lighthouse Investment Management Inc. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,671 shares of the exchange traded fund’s stock after selling 8,975 shares during the period. iShares Gold Trust comprises approximately 2.3% of White Lighthouse Investment Management Inc.’s investment portfolio, making the stock its 10th largest holding. White Lighthouse Investment Management Inc.’s holdings in iShares Gold Trust were worth $16,775,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. increased its holdings in iShares Gold Trust by 1.1% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 106 shares during the last quarter. Foster Group Inc. increased its holdings in iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 120 shares during the last quarter. Two West Capital Advisors LLC increased its holdings in iShares Gold Trust by 1.9% in the 4th quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock worth $571,000 after acquiring an additional 132 shares during the last quarter. Focused Wealth Management Inc increased its holdings in iShares Gold Trust by 3.4% in the 4th quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 132 shares during the last quarter. Finally, PUREfi Wealth LLC increased its holdings in iShares Gold Trust by 1.6% in the 4th quarter. PUREfi Wealth LLC now owns 8,861 shares of the exchange traded fund’s stock worth $719,000 after acquiring an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Down 0.7%
IAU stock opened at $84.81 on Friday. The firm has a market capitalization of $72.20 billion, a PE ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The stock has a 50-day simple moving average of $88.05 and a two-hundred day simple moving average of $86.98.
Key iShares Gold Trust News
- Negative Sentiment: Spot gold weakened late Friday as firm Treasury yields, a stronger dollar, and hawkish Fed inflation commentary outweighed some safe-haven demand linked to U.S.-Iran tensions. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
- Negative Sentiment: Multiple intraday reports said precious metals were losing ground because investors fear the Fed may need to raise rates again to fight inflation, which is a headwind for gold-backed funds like IAU. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
- Negative Sentiment: Gold also broke below a key technical channel and remained below recent support levels, signaling continued near-term weakness and limited momentum. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
- Neutral Sentiment: Some reports noted that gold is still in a longer-term bullish structure and may be coiling for a breakout, but near-term trading has been choppy and headline-driven. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
- Neutral Sentiment: Mixed macro data, including weaker consumer sentiment but rising inflation expectations, kept gold trapped in a trading range rather than driving a clear rebound. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8, one-year and long-term inflation expectations rise
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).
Featured Articles
- Five stocks we like better than iShares Gold Trust
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
