Crown Wealth Group LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 38.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,172 shares of the exchange traded fund’s stock after acquiring an additional 11,991 shares during the quarter. iShares Gold Trust comprises approximately 1.1% of Crown Wealth Group LLC’s investment portfolio, making the stock its 21st biggest holding. Crown Wealth Group LLC’s holdings in iShares Gold Trust were worth $3,806,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Wills Financial Group LLC boosted its holdings in shares of 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 valued at $11,943,000 after buying an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $1,725,000. Allianz SE raised its holdings in shares of 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 acquiring an additional 32,341 shares during the period. Mill Creek Capital Advisors LLC lifted its position in iShares Gold Trust by 2.9% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 203,287 shares of the exchange traded fund’s stock valued at $14,793,000 after acquiring an additional 5,749 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in iShares Gold Trust by 20.3% in the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after acquiring an additional 35,018 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 1.1%
IAU stock opened at $76.56 on Friday. The stock has a 50-day moving average price of $84.23 and a two-hundred day moving average price of $87.58. The stock has a market cap of $65.18 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40.
Key Headlines Impacting iShares Gold Trust
- Positive Sentiment: Gold gained ground as Treasury yields eased and the dollar moved away from recent highs, helping precious metals recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
- Positive Sentiment: Weakness in consumer sentiment and easing inflation expectations supported gold, with spot prices reaching session highs near $4,080 an ounce. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
- Positive Sentiment: Gold has been bouncing from the $4,000 area, which traders are viewing as a potential floor after recent selloffs. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
- Positive Sentiment: Robert Kiyosaki said he was wrong to doubt gold and plans to buy more, adding to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
- Neutral Sentiment: Gold is still holding around the key $4,000 level, with some reports calling the short-term structure neutral while central bank demand remains supportive longer term. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
- Negative Sentiment: Several technical analysts say gold has broken key trendline support, signaling the risk of a deeper decline unless resistance is reclaimed. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
- Negative Sentiment: Other reports warn that gold remains under pressure from a hawkish Fed, a strong dollar, and expectations that prices could weaken further if support near $4,000 fails. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
About iShares Gold Trust
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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