Maltin Wealth Management Inc. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,560 shares of the exchange traded fund’s stock after selling 24,499 shares during the period. iShares Gold Trust comprises 3.4% of Maltin Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest position. Maltin Wealth Management Inc.’s holdings in iShares Gold Trust were worth $8,568,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in iShares Gold Trust during the fourth quarter worth about $1,864,000. Bison Wealth LLC boosted its stake in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares during the period. AQR Capital Management LLC boosted its stake in shares of iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after purchasing an additional 8,609 shares during the period. M&T Bank Corp grew its holdings in shares of iShares Gold Trust by 4.2% in the second quarter. M&T Bank Corp now owns 300,016 shares of the exchange traded fund’s stock valued at $18,709,000 after purchasing an additional 12,144 shares in the last quarter. Finally, Elios Financial Group Inc. acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $219,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Up 3.8%
Shares of IAU opened at $88.16 on Wednesday. The company has a market cap of $74.44 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $55.78 and a fifty-two week high of $104.40. The firm’s 50 day moving average price is $93.30 and its 200 day moving average price is $83.59.
Trending Headlines about iShares Gold Trust
- Positive Sentiment: Geopolitical easing lifts safe?haven flows — reports that Middle East tensions show signs of de?escalation helped gold edge higher, a tailwind for IAU as oil risk and inflation fears ease. Gold Edges Higher on Signs of De?Escalating Middle East Tensions
- Positive Sentiment: Technical stabilization/possible breakout — analysts note gold stabilizing above key levels and testing moving?average/Fibonacci targets; a sustained move above those levels would support further gains for IAU. Gold (XAUUSD) & Silver Price Forecast: Metals Rebound – Is the 17?Year Price Slide Over?
- Positive Sentiment: Macro data supporting gold rallies — spot gold trading above $4,600/oz after softer U.S. jobs?market signals and a rise in consumer confidence has coincided with falling yields and a weaker dollar, bolstering IAU. Spot gold trades above $4,600/oz after U.S. Consumer Confidence rises
- Positive Sentiment: Bullish professional forecasts — some banks and wealth managers maintain bullish multi?month targets for gold (large upside scenarios), which can support long?term demand for IAU from institutional clients. Gold Has Plummeted Since Iran War Began. Why It Could Climb 35% by July.
- Neutral Sentiment: Fund governance update — iShares announced new leadership/CEO for the trust; leadership change is operationally notable but does not directly alter the ETF’s exposure to bullion. iShares Gold Trust Announces New Leadership and CEO
- Neutral Sentiment: Industry shakeups — unrelated market moves, e.g., Tether cutting two gold traders, are being reported; these are notable for the bullion market backdrop but unlikely to materially change IAU flows short term. Tether cuts two gold traders hired three months ago, source says
- Negative Sentiment: Recent month?long selloff risk — coverage notes gold is on track for its worst month since 2008 as the Iran war drags on, signaling elevated volatility and the potential for further outflows from gold ETFs like IAU if risk assets regain favor. Gold on track for worst month since 2008 as Iran war enters its fifth week
- Negative Sentiment: Rate/dollar/oil pressure could cap gains — some analysts turn bearish as rate?cut expectations fade, the dollar strengthens and oil keeps inflation elevated, all of which would restrain gold and weigh on IAU. Gold News: Gold Price Outlook Weak as Rates, Dollar, Oil Stay Elevated
iShares Gold Trust Company 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).
Further Reading
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