Rogco LP Raises Holdings in iShares Gold Trust $IAU

Rogco LP grew its position in iShares Gold Trust (NYSEARCA:IAU) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,010 shares of the exchange traded fund’s stock after acquiring an additional 10,010 shares during the quarter. iShares Gold Trust accounts for about 3.7% of Rogco LP’s holdings, making the stock its 7th largest position. Rogco LP’s holdings in iShares Gold Trust were worth $11,931,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the first quarter valued at approximately $26,000. Fairway Wealth LLC lifted its position in iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in iShares Gold Trust during the fourth quarter worth $25,000. Rossby Financial LCC boosted its stake in iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Finally, Monetary Solutions Ltd bought a new stake in iShares Gold Trust in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $84.10 on Friday. The firm has a fifty day moving average of $79.59 and a 200-day moving average of $84.97. The stock has a market cap of $69.46 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 52-week low of $66.61 and a 52-week high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold prices broke above near-term resistance and reclaimed important technical levels, improving the outlook for a move toward $4,852 and potentially higher. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Falling Treasury yields and a less-hawkish tone from Fed Governor Christopher Waller reduced the opportunity cost of holding non-yielding gold. Markets are now focused on whether employment data will further weaken expectations for rate hikes. Gold price nears $4,500 as jobs data, Waller ease yield pressure
• Positive Sentiment: Central banks bought a net 23 tonnes of gold in July, led by China and Poland, reinforcing the longer-term demand backdrop for IAU. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Strategists at Société Générale, Schroders and RBC remain constructive on gold, citing debt, inflation, de-dollarization, currency risks and geopolitical uncertainty. Their forecasts for prices near or above $5,000 support bullish sentiment. It’s time to get bullish on gold again, says SocGen
• Positive Sentiment: The Netherlands moved roughly 86 tonnes of gold from New York and Ottawa to London, citing geopolitical risks and crisis preparedness. Although this was a storage decision rather than a purchase, it highlights growing official concern about geopolitical and custody risks. Dutch central bank moves gold bars out of U.S. and Canada
• Neutral Sentiment: U.S. services activity strengthened to a better-than-expected 55.4 in August, a sign of economic resilience that could support higher interest rates and limit gold’s upside. Gold price after ISM Services PMI rises
• Negative Sentiment: Friday’s U.S. nonfarm-payrolls report remains the key near-term risk. A stronger-than-expected result could lift yields and rate-hike expectations, pressuring gold and IAU. Gold Price Forecast: $4,500 Test Sets Stage for NFP

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).