Kestra Advisory Services LLC Has $52.26 Million Stock Position in iShares Gold Trust $IAU

Kestra Advisory Services LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 592,810 shares of the exchange traded fund’s stock after acquiring an additional 30,796 shares during the quarter. Kestra Advisory Services LLC owned about 0.07% of iShares Gold Trust worth $52,262,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after purchasing an additional 456,140 shares during the period. LPL Financial LLC lifted its stake in shares of iShares Gold Trust by 1.5% in the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after buying an additional 203,528 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares Gold Trust by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after buying an additional 260,541 shares during the period. UBS Group AG grew its position in iShares Gold Trust by 6.5% during the third quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after buying an additional 561,489 shares in the last quarter. Finally, Citigroup Inc. grew its position in iShares Gold Trust by 35.7% during the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold rebounded above $4,100/oz as Middle East tensions, safe-haven demand, and better-than-expected jobless claims supported prices. Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k
• Positive Sentiment: Analysts say gold still belongs in portfolios, and that recent weakness may be a buying opportunity as long-term commodity demand stays intact. Gold still belongs in portfolios, but AI and the green transition are creating bigger opportunities elsewhere in commodities – FTSE Russell
• Positive Sentiment: Some strategists view the recent gold selloff as a pause in a secular bull market, noting that bullion and miners may be undervalued after the pullback. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
• Neutral Sentiment: Gold may stay rangebound through the summer if hawkish Fed policy, firm Treasury yields, and a strong dollar continue to cap upside. Gold prices will be rangebound through the summer – Metals Focus
• Neutral Sentiment: Technical traders say gold is trying to reverse higher, but confirmation still depends on reclaiming key resistance levels. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Hawkish Fed minutes, higher yields, and rising oil prices have pressured gold at times this week, showing that macro headwinds are still in play. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
• Negative Sentiment: ETF outflows and fears of a prolonged “death cross” suggest some investors are still reducing gold exposure. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation

iShares Gold Trust Stock Up 1.0%

Shares of IAU opened at $77.51 on Friday. The stock’s 50-day moving average price is $82.05 and its 200 day moving average price is $87.39. The firm has a market capitalization of $64.02 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

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).