iShares Gold Trust $IAU Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 258,407 shares of the exchange traded fund’s stock after selling 56,675 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares Gold Trust were worth $19,512,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. raised its stake in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after purchasing an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after purchasing an additional 1,019,135 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in iShares Gold Trust during the 2nd quarter worth $76,854,000. Orion Porfolio Solutions LLC grew its holdings 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 buying an additional 776,215 shares in the last quarter. Finally, VCU Investment Management Co purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth $61,835,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.9%

Shares of NYSEARCA IAU opened at $82.69 on Thursday. The firm has a 50-day simple moving average of $80.15 and a 200-day simple moving average of $84.66. The stock has a market capitalization of $68.29 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 52 week low of $68.17 and a 52 week high of $104.40.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold ETFs attracted approximately $18 billion in August, according to the World Gold Council, highlighting robust demand for bullion as concerns about sovereign debt and currency debasement grow. Investors pour $18 billion into gold ETFs in August
• Positive Sentiment: UBS said fiscal concerns, inflation, geopolitical uncertainty and sustained sovereign demand support maintaining a strategic gold allocation, suggesting pullbacks could attract longer-term buyers of IAU. Gold is more than a tactical expression of the next Fed decision
• Positive Sentiment: China’s central bank bought 20.2 metric tonnes of gold in August, its largest monthly purchase since late 2023, reinforcing the official-sector demand supporting gold prices. China’s central bank buys 20.2 tonnes of gold in August
• Positive Sentiment: Dollar weakness and renewed Middle East tensions are boosting safe-haven demand, while analysts at Goldman Sachs and Société Générale continue to view the broader gold trend as bullish. Gold and silver price forecast
• Neutral Sentiment: Investors are awaiting U.S. PPI and CPI data, which could determine whether gold breaks above technical resistance or retreats as markets reassess Federal Reserve policy. Gold Slips; Traders Eye Inflation Data
• Negative Sentiment: Rising Treasury yields, higher oil prices and expectations of a possible September rate hike are pressuring non-yielding assets such as gold, creating a risk to IAU if inflation data strengthens the hawkish Fed outlook. Gold price slides as Brent nears $100
• Negative Sentiment: IAU investors should also consider that gains in gold ETFs may receive less favorable tax treatment than gains in broad equity ETFs, potentially reducing after-tax returns for taxable accounts. A $100,000 Gold Gain in IAU Hands the IRS $28,000

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).