iShares Gold Trust $IAU Holdings Lifted by Keystone Financial Group

Keystone Financial Group grew its position in iShares Gold Trust (NYSEARCA:IAU) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,644 shares of the exchange traded fund’s stock after purchasing an additional 16,472 shares during the period. Keystone Financial Group’s holdings in iShares Gold Trust were worth $8,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IAU. Abich Financial Wealth Management LLC bought a new position in iShares Gold Trust in the 3rd quarter worth about $25,000. Gables Capital Management Inc. grew its position in iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Dakota Community Bank & Trust NA bought a new position in iShares Gold Trust in the 4th quarter worth about $30,000. Fourth Dimension Wealth LLC grew its position in iShares Gold Trust by 436.3% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 349 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in iShares Gold Trust in the 3rd quarter worth about $31,000. Institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold and silver rebounded when Treasury yields eased and oil prices fell, improving sentiment for precious metals and supporting IAU. Metals recover as Iran talks cool oil, Fed minutes cap risk – Kitco PM Report
• Positive Sentiment: Analysts said lower yields and weakening momentum in rates helped gold jump, a bullish backdrop for a gold-backed ETF like IAU. Gold News: Gold Market Jumps as Treasury Yields Lose Momentum
• Positive Sentiment: Several reports noted that slowing U.S. economic activity and weak manufacturing data could keep investors interested in gold as a defensive asset. Gold prices anchored at $4,500 as S&P Global says U.S. economic activity continues to slow
• Neutral Sentiment: Gold is consolidating in a tightening technical range, with traders waiting for a breakout to determine the next major move. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
• Neutral Sentiment: Recent commentary also highlighted that fading Hormuz risk premiums and mixed U.S. data have kept gold near steady rather than extending a strong directional move. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
• Negative Sentiment: Higher Treasury yields, a firmer U.S. dollar, and easing geopolitical fear have repeatedly pressured gold, which can weigh on IAU near term. Gold Edges Lower Amid Slightly Higher U.S. Treasury Yields
• Negative Sentiment: Technical analysts warned that gold’s break below key support levels could open the door to further downside, which would also pressure IAU. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $85.43 on Friday. The firm has a 50 day simple moving average of $88.31 and a 200-day simple moving average of $86.99. The stock has a market capitalization of $72.73 billion, a PE ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 12-month low of $61.37 and a 12-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).