Sage Rhino Capital LLC Has $11.58 Million Stock Position in iShares Gold Trust $IAU

Sage Rhino Capital LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 21.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 153,370 shares of the exchange traded fund’s stock after selling 41,321 shares during the period. iShares Gold Trust accounts for 1.9% of Sage Rhino Capital LLC’s portfolio, making the stock its 12th biggest position. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $11,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IAU. Summit Wealth Partners LLC raised its holdings in iShares Gold Trust by 9.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 11,916 shares of the exchange traded fund’s stock worth $900,000 after purchasing an additional 1,016 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of iShares Gold Trust by 6.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 313,194 shares of the exchange traded fund’s stock valued at $23,649,000 after purchasing an additional 19,492 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of iShares Gold Trust by 5.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 76,828 shares of the exchange traded fund’s stock valued at $5,801,000 after purchasing an additional 3,637 shares during the last quarter. Avid Wealth Partners LLC bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $777,000. Finally, Outlook Wealth Advisors LLC increased its position in shares of iShares Gold Trust by 0.9% during the second quarter. Outlook Wealth Advisors LLC now owns 24,358 shares of the exchange traded fund’s stock worth $1,839,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6%

IAU opened at $82.28 on Friday. iShares Gold Trust has a twelve month low of $62.48 and a twelve month high of $104.40. The company has a fifty day moving average of $77.97 and a 200-day moving average of $86.00. The stock has a market cap of $67.96 billion, a PE ratio of 5.53 and a beta of 0.18.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: July retail sales unexpectedly fell 0.6%, while August consumer sentiment dropped to 51 versus expectations of 54.5. The weaker consumer data increased expectations that the Fed may keep rates steady in September, supporting gold and IAU. Gold rallies after retail sales drop
• Positive Sentiment: Soft CPI and PPI readings, rising jobless claims, and a pullback in the dollar have eased rate-hike concerns and helped keep precious metals above recent trading levels. Gold rebounds as dollar pulls back
• Positive Sentiment: UBS said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar, and continued sovereign and central-bank demand. This reinforces the longer-term bullish case for IAU. UBS gold forecast
• Neutral Sentiment: Investors will watch next week’s Fed minutes, housing data, and manufacturing activity for clues about economic growth and monetary policy. These releases could produce significant volatility for gold and IAU. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450-$4,500 resistance area. Analysts warn that a pullback or profit-taking could occur before another sustained advance, limiting near-term upside for IAU. Gold pullback risk after resistance test

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).