Farther Finance Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 24.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,633 shares of the exchange traded fund’s stock after buying an additional 25,146 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Gold Trust were worth $9,215,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of iShares Gold Trust by 67.5% during the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after acquiring an additional 4,398,605 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares Gold Trust by 2.3% during 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. WealthNavi Inc. lifted its holdings in shares of iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after buying an additional 521,530 shares during the last quarter. Truist Financial Corp grew its stake in shares of iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after buying an additional 692,844 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in iShares Gold Trust by 809.1% in the second quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 2.3%
NYSEARCA IAU opened at $83.59 on Tuesday. The stock has a market capitalization of $68.89 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $49.00 and a 12-month high of $83.66. The company has a 50 day moving average price of $78.25 and a two-hundred day moving average price of $70.15.
iShares Gold Trust News Summary
- Positive Sentiment: Record‑high gold driven by geopolitical risk is boosting safe‑haven demand, directly supporting IAU’s price. Read More.
- Positive Sentiment: Large sovereign/sovereign‑adjacent bullion flows — notably China’s near‑$1bn November purchase from Russia — point to sustained physical demand that favors gold ETFs like IAU. Read More.
- Positive Sentiment: Major bank price calls are increasingly bullish (JPMorgan’s very high target), which can drive investor flows into gold ETFs on both fundamentals and momentum. Read More.
- Positive Sentiment: Gold price momentum and technical breakouts, coupled with softer inflation/Fed‑pause bets, are encouraging trend‑following flows into bullion and related ETFs. Read More.
- Neutral Sentiment: General investor education pieces explain routes into gold (futures, coins, ETFs); useful for longer‑term demand but not an immediate catalyst. Read More.
- Neutral Sentiment: Fintech move toward tokenized/biometric wallets for gold could expand digital distribution of gold products over time, but impact on IAU is uncertain. Read More.
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).
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