iShares Gold Trust $IAU Stake Lifted by Keystone Financial Group

Keystone Financial Group increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 19.3% in the 4th quarter, HoldingsChannel reports. The fund owned 101,644 shares of the exchange traded fund’s stock after acquiring an additional 16,472 shares during the period. Keystone Financial Group’s holdings in iShares Gold Trust were worth $8,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IAU. MA Private Wealth boosted its holdings in iShares Gold Trust by 10.3% during the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after buying an additional 14,705 shares in the last quarter. CM Wealth Advisors LLC bought a new stake in iShares Gold Trust during the third quarter worth approximately $1,531,000. WESCAP Management Group Inc. boosted its holdings in iShares Gold Trust by 7.0% during the third quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock worth $32,726,000 after buying an additional 29,553 shares in the last quarter. Hudson Oak Wealth Advisory LLC bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $1,725,000. Finally, Allianz SE boosted its holdings in iShares Gold Trust by 2.8% during the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after buying an additional 32,341 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $85.43 on Friday. The stock has a market capitalization of $72.73 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The company has a 50 day moving average price of $88.31 and a 200 day moving average price of $86.99.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold and silver rebounded when Treasury yields eased and oil prices fell, improving sentiment for precious metals and supporting IAU. Metals recover as Iran talks cool oil, Fed minutes cap risk – Kitco PM Report
• Positive Sentiment: Analysts said lower yields and weakening momentum in rates helped gold jump, a bullish backdrop for a gold-backed ETF like IAU. Gold News: Gold Market Jumps as Treasury Yields Lose Momentum
• Positive Sentiment: Several reports noted that slowing U.S. economic activity and weak manufacturing data could keep investors interested in gold as a defensive asset. Gold prices anchored at $4,500 as S&P Global says U.S. economic activity continues to slow
• Neutral Sentiment: Gold is consolidating in a tightening technical range, with traders waiting for a breakout to determine the next major move. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
• Neutral Sentiment: Recent commentary also highlighted that fading Hormuz risk premiums and mixed U.S. data have kept gold near steady rather than extending a strong directional move. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
• Negative Sentiment: Higher Treasury yields, a firmer U.S. dollar, and easing geopolitical fear have repeatedly pressured gold, which can weigh on IAU near term. Gold Edges Lower Amid Slightly Higher U.S. Treasury Yields
• Negative Sentiment: Technical analysts warned that gold’s break below key support levels could open the door to further downside, which would also pressure IAU. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale

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).