iShares Gold Trust $IAU is AlTi Global Inc.’s 9th Largest Position

AlTi Global Inc. lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,566,989 shares of the exchange traded fund’s stock after selling 21,255 shares during the quarter. iShares Gold Trust makes up about 3.0% of AlTi Global Inc.’s holdings, making the stock its 9th largest position. AlTi Global Inc. owned about 0.18% of iShares Gold Trust worth $138,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $1,864,000. Bison Wealth LLC lifted its stake in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares in the last quarter. AQR Capital Management LLC grew its holdings in iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after buying an additional 8,609 shares during the last quarter. Glenview Trust co grew its holdings in iShares Gold Trust by 9.7% during the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in iShares Gold Trust by 6.3% during the second quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 2,172 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $75.50 on Monday. iShares Gold Trust has a fifty-two week low of $61.60 and a fifty-two week high of $104.40. The stock has a market cap of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a fifty day moving average of $80.69 and a 200-day moving average of $87.04.

iShares Gold Trust News Roundup

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

• Neutral Sentiment: Gold is trying to hold the $4,000 level after a sharp pullback, with next week likely to determine whether that area becomes a firm support zone or gives way to more downside. Markets will find out next week how firm $4,000 is as a floor for gold
• Neutral Sentiment: Fresh U.S. data, including better consumer sentiment and stronger housing starts, has eased some recession fears and reduced the immediate safe-haven bid for gold. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Negative Sentiment: Technical analysts say bearish momentum is building, with gold breaking trend support and key downside levels now in focus. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Rising Treasury yields and a stronger U.S. dollar have been repeatedly cited as headwinds for gold, pressuring prices below the key $4,000 mark. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report

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).