Benchmark Investment Advisors LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,320 shares of the exchange traded fund’s stock, valued at approximately $533,000.
A number of other hedge funds have also made changes to their positions in IAU. MTM Investment Management LLC purchased a new stake in iShares Gold Trust during the second quarter valued at about $25,000. Abich Financial Wealth Management LLC acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $25,000. Mountain Hill Investment Partners Corp. acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $29,000. Traub Capital Management LLC purchased a new position in iShares Gold Trust in the second quarter valued at about $31,000. Finally, Fourth Dimension Wealth LLC raised its position in iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Down 1.3%
IAU opened at $94.38 on Friday. iShares Gold Trust has a 52-week low of $55.78 and a 52-week high of $104.40. The firm has a market capitalization of $79.69 billion, a P/E ratio of 5.53 and a beta of 0.09. The firm’s 50 day moving average is $93.05 and its 200-day moving average is $81.68.
iShares Gold Trust News Roundup
- Positive Sentiment: Stagflation risk (Q4 GDP +0.7%) is cited as a potential tailwind for gold as an inflation/real‑rate hedge, supporting IAU on longer-term risk. Gold faces perfect stagflation storm
- Positive Sentiment: Preliminary U.S. consumer sentiment fell and one‑year inflation expectations rose — higher inflation expectations can underpin demand for gold as an inflation hedge. Spot gold at $5,100/oz after preliminary Consumer Sentiment falls
- Positive Sentiment: Analysts note dip-buying and safe‑haven flows tied to geopolitical tensions are providing intermittent support, limiting deeper declines in spot gold and IAU. Gold Price Analysis – Gold Continues to See Support on Dips
- Neutral Sentiment: Some strategists argue gold miners could rally even if bullion stalls; that’s more relevant to miners’ equities than to IAU (a bullion ETF), so impact on IAU is indirect. Gold miners could double even if bullion stalls
- Neutral Sentiment: Weekly macro/market commentary stresses that rates, central bank policy, and geopolitical risk will keep gold choppy — expect volatility but mixed short‑term directional signals for IAU. Gold Weekly Price Analysis
- Negative Sentiment: Kitco reports a liquidity squeeze that has boosted the U.S. dollar ahead of the Fed meeting, which pressures gold prices and is a primary reason IAU is down. Gold under pressure as liquidity crunch boosts dollar ahead of Fed meeting
- Negative Sentiment: Multiple technical studies point to bearish setups (bear flag, rising‑wedge breakdown) that target lower levels for spot gold; technical momentum is contributing to selling pressure in IAU. Gold Price Forecast: Bear Flag Signals Potential Downside Targets
- Negative Sentiment: Broader theme: a stronger U.S. dollar and rising Treasury yields are capping gold’s upside; several reports link gold weakness to USDX rallies and higher yields, which weigh directly on IAU. Gold, silver down as USDX rallies, bond yields rise
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).
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