Mesirow Financial Investment Management Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,269 shares of the exchange traded fund’s stock after selling 49,470 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in iShares Gold Trust were worth $11,142,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of IAU. Schmidt P J Investment Management Inc. increased its position in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after buying an additional 106 shares during the last quarter. Foster Group Inc. increased its position in iShares Gold Trust by 2.4% during the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 120 shares during the last quarter. Two West Capital Advisors LLC increased its position in iShares Gold Trust by 1.9% during the fourth quarter. Two West Capital Advisors LLC now owns 7,035 shares of the exchange traded fund’s stock worth $571,000 after buying an additional 132 shares during the last quarter. Focused Wealth Management Inc increased its position in iShares Gold Trust by 3.4% during the fourth quarter. Focused Wealth Management Inc now owns 4,063 shares of the exchange traded fund’s stock worth $330,000 after buying an additional 132 shares during the last quarter. Finally, Evolution Wealth Advisors LLC increased its position in iShares Gold Trust by 1.5% during the third quarter. Evolution Wealth Advisors LLC now owns 8,875 shares of the exchange traded fund’s stock worth $646,000 after buying an additional 135 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
iShares Gold Trust stock opened at $88.19 on Thursday. The company has a market capitalization of $75.08 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a one year low of $59.71 and a one year high of $104.40. The company’s fifty day moving average price is $89.62 and its two-hundred day moving average price is $86.56.
Key Headlines Impacting iShares Gold Trust
- Negative Sentiment: Hot U.S. inflation data lifted Treasury yields and the dollar, pressuring gold lower and weighing on iShares Gold Trust. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields
- Negative Sentiment: Multiple reports said gold slipped as CPI and PPI-driven rate fears kept pressure on precious metals, reinforcing the recent downside in IAU. Gold and silver slip after hot PPI boosts yields – Kitco AM Report
- Neutral Sentiment: Gold is still battling key technical resistance, with traders watching major moving averages to decide whether the metal rebounds or extends its pullback. Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move
- Neutral Sentiment: India’s higher import tariffs on gold and silver could affect physical demand, but the broader market impact remains uncertain for now. India Raises Gold, Silver Tariffs to Curb Imports
- Positive Sentiment: Some analysts remain bullish on gold longer term, citing inflation pressure, geopolitical risk, and debt concerns as reasons the metal could resume its uptrend. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
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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