iShares Gold Trust $IAU Stock: Sowell Financial Services LLC Increases Holdings

Sowell Financial Services LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 79.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 161,542 shares of the exchange traded fund’s stock after acquiring an additional 71,691 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Gold Trust were worth $12,616,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of iShares Gold Trust by 1.3% during the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after purchasing an additional 109,246 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of iShares Gold Trust by 5.7% in the second quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock worth $165,455,000 after buying an additional 118,328 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares Gold Trust by 8.8% in the second quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock valued at $138,941,000 after buying an additional 149,558 shares in the last quarter. AlTi Global Inc. grew its stake in shares of iShares Gold Trust by 5.4% in the second quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after buying an additional 84,457 shares in the last quarter. Finally, GM Advisory Group LLC grew its stake in shares of iShares Gold Trust by 2.8% in the first quarter. GM Advisory Group LLC now owns 1,569,661 shares of the exchange traded fund’s stock valued at $138,381,000 after buying an additional 42,385 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $76.57 on Thursday. The company has a market cap of $60.38 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a one year low of $74.00 and a one year high of $104.40. The business’s 50-day simple moving average is $80.50 and its 200 day simple moving average is $84.74.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Options traders bought a large volume of call options on IAU, indicating that some investors are positioning for additional upside in gold. Traders Buy Large Volume of Call Options on iShares Gold Trust
• Positive Sentiment: Gold continues to attract potential safe-haven interest as weakness in the U.S. housing market raises concerns about economic growth. A major investment firm also said gold could eventually recover substantially, with a path toward $5,000 or higher if support holds. Gold prices holding above $4,000 as U.S. new home sales fall Downside risks are building in gold
• Neutral Sentiment: The Federal Reserve held its policy rate at 3.75%–4.00%, as expected, in a 10-2 vote. Because the decision was already anticipated, its immediate effect on gold and IAU was limited, though markets remain focused on the Fed’s future policy guidance. Gold price drops as Fed votes in favor of rate hold
• Neutral Sentiment: The Bank of Canada also raised rates by 25 basis points while warning of slower near-term growth, underscoring continued global interest-rate uncertainty for precious metals. Gold price after Bank of Canada rate hike
• Negative Sentiment: Gold declined after the Fed meeting as traders reassessed rates, while rising Treasury yields pressured gold and other precious metals. Gold Falls as Traders Mull Fed Decision Gold pulls back as traders prepare for Fed decision
• Negative Sentiment: Technical analysts continue to describe gold’s trend as bearish, with resistance from moving averages and support near $4,000 at risk. Sucden Financial warned that gold could fall toward $3,900 if the Fed maintains a tightening bias, a risk that would weigh on IAU. Gold bearish trend faces critical test Gold prices could fall to $3,900

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).