PFG Investments LLC Has $1.79 Million Position in iShares Gold Trust $IAU

PFG Investments LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 37.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,365 shares of the exchange traded fund’s stock after selling 12,320 shares during the quarter. PFG Investments LLC’s holdings in iShares Gold Trust were worth $1,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baer Investment Advisory LLC bought a new stake in iShares Gold Trust during the first quarter valued at about $355,000. Turtle Creek Wealth Advisors LLC increased its stake in shares of iShares Gold Trust by 32.5% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 3,303 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 810 shares during the period. Trademark Financial Management LLC increased its stake in shares of iShares Gold Trust by 1.4% in the first quarter. Trademark Financial Management LLC now owns 56,280 shares of the exchange traded fund’s stock worth $4,962,000 after purchasing an additional 790 shares during the period. Proathlete Wealth Management LLC lifted its position in shares of iShares Gold Trust by 230.7% during the 1st quarter. Proathlete Wealth Management LLC now owns 9,169 shares of the exchange traded fund’s stock worth $808,000 after purchasing an additional 6,396 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its position in shares of iShares Gold Trust by 7.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 58,696 shares of the exchange traded fund’s stock worth $5,175,000 after purchasing an additional 4,275 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold prices jumped after the softer U.S. employment data, boosting demand for gold-backed ETFs like IAU as rate-cut hopes and lower yields improved the appeal of non-yielding assets. Gold nears $4,200 as dollar slips after weak jobs data – Kitco AM Report
• Positive Sentiment: Market commentary pointed to central bank buying, ETF inflows, and diversification demand as ongoing structural support for gold, reinforcing the bullish case for IAU. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Several strategists said gold’s recovery above key technical levels signals stabilization and leaves room for further upside if the recent rebound continues. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Neutral Sentiment: Reports noted that holiday-weekend trading has been thin, which can exaggerate price moves but does not change the broader gold thesis. Gold Weekly Price Analysis – Gold Extends Weekly Gains as Weak Thursday Jobs Fuel Cut Bets
• Negative Sentiment: Some analysts warned that high U.S. interest rates and a stronger dollar can still cap gold’s upside, limiting how far IAU can run if macro conditions reverse. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $77.51 on Friday. The company has a market cap of $64.02 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a 50 day moving average price of $82.89 and a 200 day moving average price of $87.46. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40.

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).