Sage Rhino Capital LLC Has $11.58 Million Position in iShares Gold Trust $IAU

Sage Rhino Capital LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 21.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,370 shares of the exchange traded fund’s stock after selling 41,321 shares during the quarter. iShares Gold Trust makes up approximately 1.9% of Sage Rhino Capital LLC’s investment portfolio, making the stock its 12th largest position. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $11,581,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IAU. LPL Financial LLC grew its holdings in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock worth $1,115,461,000 after acquiring an additional 203,528 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares Gold Trust by 2.0% during 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 during the last quarter. Citigroup Inc. lifted its holdings in shares of 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 purchasing an additional 1,893,594 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares Gold Trust by 2.3% during the second 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 during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Gold Trust by 18.3% during the fourth 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 during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key iShares Gold Trust News

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

• Positive Sentiment: July retail sales unexpectedly fell 0.6%, while August consumer sentiment dropped to 51 versus expectations of 54.5. The weaker consumer data increased expectations that the Fed may keep rates steady in September, supporting gold and IAU. Gold rallies after retail sales drop
• Positive Sentiment: Soft CPI and PPI readings, rising jobless claims, and a pullback in the dollar have eased rate-hike concerns and helped keep precious metals above recent trading levels. Gold rebounds as dollar pulls back
• Positive Sentiment: UBS said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar, and continued sovereign and central-bank demand. This reinforces the longer-term bullish case for IAU. UBS gold forecast
• Neutral Sentiment: Investors will watch next week’s Fed minutes, housing data, and manufacturing activity for clues about economic growth and monetary policy. These releases could produce significant volatility for gold and IAU. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450-$4,500 resistance area. Analysts warn that a pullback or profit-taking could occur before another sustained advance, limiting near-term upside for IAU. Gold pullback risk after resistance test

iShares Gold Trust Stock Up 0.6%

Shares of iShares Gold Trust stock opened at $82.28 on Friday. The stock has a market cap of $67.96 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $62.48 and a twelve month high of $104.40. The company’s fifty day moving average is $77.97 and its 200 day moving average is $86.00.

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).