PFG Investments LLC Reduces Stock Position in iShares Gold Trust $IAU

PFG Investments LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 37.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,365 shares of the exchange traded fund’s stock after selling 12,320 shares during the period. PFG Investments LLC’s holdings in iShares Gold Trust were worth $1,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wills Financial Group LLC grew its stake in iShares Gold Trust by 9.8% in the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after purchasing an additional 13,093 shares in the last quarter. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at approximately $1,725,000. Mirae Asset Global Investments Co. Ltd. raised its stake in iShares Gold Trust by 13.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock valued at $67,320,000 after buying an additional 97,852 shares in the last quarter. Advisory Services Network LLC lifted its holdings in iShares Gold Trust by 20.3% during the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after buying an additional 35,018 shares during the last quarter. Finally, AllGen Financial Advisors Inc. lifted its holdings in iShares Gold Trust by 3.4% during the 4th quarter. AllGen Financial Advisors Inc. now owns 378,708 shares of the exchange traded fund’s stock worth $30,740,000 after buying an additional 12,624 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $77.51 on Friday. The stock’s 50 day simple moving average is $82.89 and its 200 day simple moving average is $87.46. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The firm has a market cap of $64.02 billion, a P/E ratio of 5.53 and a beta of 0.18.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold prices jumped after the softer U.S. employment data, boosting demand for gold-backed ETFs like IAU as rate-cut hopes and lower yields improved the appeal of non-yielding assets. Gold nears $4,200 as dollar slips after weak jobs data – Kitco AM Report
• Positive Sentiment: Market commentary pointed to central bank buying, ETF inflows, and diversification demand as ongoing structural support for gold, reinforcing the bullish case for IAU. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Several strategists said gold’s recovery above key technical levels signals stabilization and leaves room for further upside if the recent rebound continues. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Neutral Sentiment: Reports noted that holiday-weekend trading has been thin, which can exaggerate price moves but does not change the broader gold thesis. Gold Weekly Price Analysis – Gold Extends Weekly Gains as Weak Thursday Jobs Fuel Cut Bets
• Negative Sentiment: Some analysts warned that high U.S. interest rates and a stronger dollar can still cap gold’s upside, limiting how far IAU can run if macro conditions reverse. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku

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).