Hsbc Holdings PLC Has $55.03 Million Position in iShares Gold Trust $IAU

Hsbc Holdings PLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 624,498 shares of the exchange traded fund’s stock after selling 21,904 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares Gold Trust were worth $55,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 1.5% during the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock worth $1,115,461,000 after buying an additional 203,528 shares in the last quarter. Wells Fargo & Company MN grew 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 acquiring an additional 260,541 shares in the last quarter. Citigroup Inc. increased 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 acquiring an additional 1,893,594 shares during the period. Ameriprise Financial Inc. raised its stake in iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock worth $412,563,000 after purchasing an additional 148,881 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares Gold Trust by 18.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after purchasing an additional 1,019,135 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold edged higher in Asian trade as physical demand, especially from China, and ongoing central bank buying continue to support the market. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could be nearing a cyclical bottom, with currency debasement expected to drive a move toward new highs later this year. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Neutral Sentiment: Several market commentaries noted that gold is being pulled between geopolitical demand from Middle East tensions and pressure from rising oil prices, firmer yields, and a stronger dollar, leaving the short-term trend uncertain. Gold (XAUUSD) Price Forecast: Passive Gold Buyers Face a Hawkish Fed Trade
• Negative Sentiment: StoneX said interest rates remain the key driver for precious metals and warned gold could face continued downside risk despite escalating Middle East conflict. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Gold has also been pressured by stronger Treasury yields and a firmer dollar, with traders still focused on the possibility of prolonged restrictive monetary policy. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $75.35 on Tuesday. The business has a 50 day moving average of $80.41 and a 200-day moving average of $87.00. The company has a market capitalization of $62.23 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1 year low of $61.60 and a 1 year 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).