Midwest Capital Advisors LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 40.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 103,931 shares of the exchange traded fund’s stock after buying an additional 29,837 shares during the period. iShares Gold Trust accounts for approximately 3.6% of Midwest Capital Advisors LLC’s portfolio, making the stock its 9th largest holding. Midwest Capital Advisors LLC’s holdings in iShares Gold Trust were worth $7,563,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Plan Group Financial LLC lifted its stake in shares of iShares Gold Trust by 7.4% during the 3rd quarter. Plan Group Financial LLC now owns 59,213 shares of the exchange traded fund’s stock worth $4,309,000 after purchasing an additional 4,067 shares during the period. Obermeyer Wealth Partners grew its position in shares of iShares Gold Trust by 113.1% in the third quarter. Obermeyer Wealth Partners now owns 14,978 shares of the exchange traded fund’s stock valued at $1,090,000 after purchasing an additional 7,950 shares during the period. Hoxton Planning & Management LLC increased its stake in iShares Gold Trust by 61.9% in the third quarter. Hoxton Planning & Management LLC now owns 23,422 shares of the exchange traded fund’s stock valued at $1,704,000 after purchasing an additional 8,959 shares during the last quarter. WESPAC Advisors LLC lifted its position in iShares Gold Trust by 4.6% during the third quarter. WESPAC Advisors LLC now owns 26,874 shares of the exchange traded fund’s stock worth $1,956,000 after buying an additional 1,188 shares during the period. Finally, Mountain Hill Investment Partners Corp. purchased a new position in iShares Gold Trust during the third quarter worth about $29,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Price Performance
IAU opened at $86.36 on Wednesday. The stock has a market capitalization of $72.52 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The business has a 50-day moving average of $80.34 and a two-hundred day moving average of $72.47. iShares Gold Trust has a 12 month low of $50.21 and a 12 month high of $87.38.
Key iShares Gold Trust News
- Positive Sentiment: Softening U.S. CPI and rising hopes for rate cuts are supporting gold’s safe-haven bid, which typically boosts demand for IAU. Gold (XAUUSD) & Silver Price Forecast: CPI Cools, Bulls Hold Key Resistance Zones
- Positive Sentiment: Geopolitical tensions and risk aversion are keeping gold bids elevated and driving momentum toward new highs — a bullish backdrop for IAU. Gold (XAUUSD) and Silver Surge as Inflation Cools and Geopolitical Risks Rise
- Positive Sentiment: Asian trade showed gold edging higher on safe-haven flows; continued tension-driven demand helps underpin IAU’s NAV. Gold Edges Higher, Supported by Ongoing Geopolitical Tensions
- Positive Sentiment: Technical breakouts and record-high signals point to continued upside potential for gold prices, which supports IAU flows. Gold (XAU/USD) Price Forecast: Record High Breakout Signals Continued Strength
- Positive Sentiment: Some sell-side forecasts remain strongly bullish (Citigroup sees very large targets for gold and silver), reinforcing speculative interest in bullion ETFs like IAU. Gold will hit $5,000/oz, silver $100/oz by March, but gold will be vulnerable to correction afterward – Citigroup
- Neutral Sentiment: Mine-level updates (Caledonia, G Mining) show steady production, which is supportive for the broader gold complex but only indirectly affects IAU. Caledonia says Blanket gold mine has again delivered production in line with guidance
- Neutral Sentiment: Explorer and producer news (Pinnacle, EQTEC expansion into metals) are company-specific and have limited direct impact on a bullion ETF like IAU. Pinnacle Silver and Gold reports progress at El Potrero project in Durango, Mexico
- Negative Sentiment: Technical corrections and profit-taking have caused intraday pullbacks in gold at times, which can weigh on IAU despite the bullish macro picture. Gold Edges Lower on Likely Technical Correction
- Negative Sentiment: Short-term dollar strength or hawkish surprises (and CPI/dollar volatility ahead of prints) can trigger pullbacks in gold and pressure IAU. Gold (XAUUSD) & Silver Price Forecast: Gold Slips Ahead of CPI, Silver Stays Bullish
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).
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