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NYSEARCA:IAU

iShares Gold Trust (IAU) Price, Holdings, & News

$43.87
+0.10 (+0.23%)
(As of 06/12/2024 ET)
Today's Range
$43.77
$44.25
50-Day Range
$43.22
$45.88
52-Week Range
$34.35
$46.08
Volume
7.25 million shs
Average Volume
6.64 million shs
Market Capitalization
$28.43 billion
Assets Under Management
$28.35 billion
Dividend Yield
N/A
Net Expense Ratio
0.25%
IAU stock logo

About iShares Gold Trust (NYSEARCA:IAU)

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). The activities of the Trust are limited to issuing Baskets of Shares in exchange for the gold deposited with the Custodian as consideration; selling gold as necessary to cover the Sponsor's fee, Trust expenses not assumed by the Sponsor and other liabilities, and delivering gold in exchange for Baskets of Shares surrendered for redemption. The Trust is not actively managed.

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Fund Details

Issuer
iShares
Fund Name
iShares Gold Trust
Tax Classification
Grantor Trust
Current Symbol
NYSEARCA:IAU
Inception Date
1/21/2005
Fund Manager
N/A

Fund Focus

Asset Class
Commodities
Benchmark
LBMA Gold Price
Category
Precious Metals
Focus
Gold
Development Level
Blended Development
Region
Global
Number of Holdings
0

Fund Statistics

Assets Under Management
$28.35 billion
Average Daily Volume
$5.30 million
Discount/Premium
-0.02%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
BlackRock Fund Advisors
Custodian
JPMorgan Chase Bank, N.A. (London Branch)
Distributor
BlackRock Investments, LLC
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
The Bank of New York Mellon Company
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
409
Put Options
195
Call Options
214

Miscellaneous

Beta
0.21
Creation Unit
50,000
Creation Fee
$500.00
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iShares Gold Trust Expenses

TypeIAUGold ETFsCommodities ETFsNYSEARCA ETFsAll ETFs
Management Fee0.25%0.44%0.67%0.51%0.51%
Other Expenses0.00%0.08%0.27%0.64%0.58%
Total Expense0.25%0.45%0.77%0.73%0.70%
Fee Waiver0.00%-0.06%-0.18%-0.68%-0.56%
Net Expense0.25%0.48%0.70%0.58%0.58%

iShares Gold Trust (IAU) Holdings

Top 1 IAU Holdings

  • Gold
    Holding Weight: 100.00%

Key Executives

  • Patrick J. Dunne
    President, Chief Executive Officer of the Sponsor
  • Jack Gee
    Chief Financial Officer, Chief Operating Officer, Director of the Manager
  • Charles C. S. Park
    Chief Financial Officer, Director of the Sponsor
  • Philip J. Jensen
    Director of the Sponsor
  • Peter F. Landini
    Director of the Sponsor
  • Kimun Lee
    Director of the Sponsor
  • Paul C. Lohrey
    Director of the Sponsor

Should I Buy iShares Gold Trust Stock? IAU Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in iShares Gold Trust:

  • iShares Gold Trust allows investors to own gold indirectly through shares, providing exposure to the precious metal market.
  • Investing in gold can act as a hedge against inflation, economic uncertainty, and currency devaluation.
  • Gold has historically been considered a safe haven asset, providing stability to investment portfolios during times of market volatility.
  • Recent developments in the gold market have shown an increase in demand for the precious metal, driving up prices and potentially benefiting iShares Gold Trust investors.
  • Current stock price of iShares Gold Trust is favorable for investors looking to enter the market at a relatively lower price point.

Cons

Investors should be bearish about investing in iShares Gold Trust for these reasons:

  • Investing in gold carries risks such as price volatility, which can lead to fluctuations in the value of iShares Gold Trust shares.
  • Gold does not generate income or dividends, unlike other investments such as stocks or bonds, making it less attractive for income-seeking investors.
  • Changes in global economic conditions and interest rates can impact the price of gold, affecting the performance of iShares Gold Trust.
  • While gold has historically been a store of value, its long-term performance may not always align with investor expectations due to various market factors.
  • Investors should carefully consider their risk tolerance and investment goals before allocating a significant portion of their portfolio to iShares Gold Trust.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these iShares Gold Trust pros and cons to contact@marketbeat.com.

IAU ETF - Frequently Asked Questions

How have IAU shares performed in 2024?

iShares Gold Trust's stock was trading at $39.03 at the start of the year. Since then, IAU stock has increased by 12.4% and is now trading at $43.87.
View the best growth stocks for 2024 here
.

What does IAU invest in?

iShares Gold Trust is a commodities fund issued by iShares. IAU focuses on gold investments and follows the LBMA Gold Price. The fund's investments total to approximately $28.35 billion assets under management.

What is the management fee for iShares Gold Trust?

iShares Gold Trust's management fee is 0.25% and has no other recorded expenses or fee waivers. The net expense ratio for IAU is 0.25%.

When did iShares Gold Trust's stock split?

Shares of iShares Gold Trust reverse split on Monday, May 24th 2021. The 1-2 reverse split was announced on Wednesday, March 3rd 2021. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 21st 2021. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

What other stocks do shareholders of iShares Gold Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other iShares Gold Trust investors own include Alibaba Group (BABA), Intel (INTC), NVIDIA (NVDA), Walmart (WMT), Walt Disney (DIS), SPDR Gold Shares (GLD), Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ) and Tesla (TSLA).

Who are iShares Gold Trust's major shareholders?

iShares Gold Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (3.26%), Charles Schwab Investment Advisory Inc. (3.13%), Twin Tree Management LP (0.00%), Raymond James & Associates (0.59%), Commonwealth Equity Services LLC (0.44%) and Equitable Trust Co. (0.41%).

How do I buy shares of iShares Gold Trust?

Shares of IAU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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This page (NYSEARCA:IAU) was last updated on 6/12/2024 by MarketBeat.com Staff

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