Glen Eagle Advisors LLC Purchases 21,005 Shares of iShares Gold Trust $IAU

Glen Eagle Advisors LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2,642.1% during the first quarter, Holdings Channel reports. The institutional investor owned 21,800 shares of the exchange traded fund’s stock after purchasing an additional 21,005 shares during the quarter. Glen Eagle Advisors LLC’s holdings in iShares Gold Trust were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wills Financial Group LLC raised its stake in shares of iShares Gold Trust by 9.8% during the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC bought a new position in iShares Gold Trust in the 4th quarter worth about $1,725,000. South Shore Capital Advisors bought a new position in iShares Gold Trust in the 4th quarter worth about $858,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in iShares Gold Trust by 13.4% during the 4th 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. Finally, AllGen Financial Advisors Inc. grew 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 valued at $30,740,000 after buying an additional 12,624 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.7%

Shares of IAU opened at $76.78 on Tuesday. The business’s 50-day moving average price is $79.37 and its 200-day moving average price is $86.80. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The stock has a market cap of $63.41 billion, a PE ratio of 5.53 and a beta of 0.18.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Crude oil prices declined after a U.S.-Iran pause in fighting, easing near-term inflation concerns and pushing bond yields and the dollar lower—conditions that generally support gold and IAU. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
• Positive Sentiment: Longer-term demand remains constructive, with central-bank purchases, ETF inflows and rising Asian demand providing support. BMO said China’s gold holdings could surpass U.S. holdings within five years, strengthening the strategic demand outlook for gold. China’s gold stockpile could surpass U.S. holdings
• Positive Sentiment: Analysts at State Street argued that the next major $1,000 move in gold is more likely to be higher if Federal Reserve hawkishness has peaked, offering a potential upside catalyst for IAU once monetary-policy uncertainty clears. Gold’s next $1,000 move is likely higher
• Neutral Sentiment: Gold is consolidating around $4,000 as investors await the Fed’s guidance. The decision and forthcoming PCE inflation report could determine whether precious metals break higher or remain range-bound. Gold and Silver Price Forecast
• Negative Sentiment: Gold has struggled to sustain moves above $4,100, with lackluster Western demand and expectations for restrictive U.S. interest rates limiting safe-haven buying. A stronger dollar, higher yields or a hawkish Fed tone could pressure IAU. Gold remains stuck below $4,100

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).