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NYSEARCA:IAU

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

$45.08
+0.46 (+1.03%)
(As of 07/26/2024 ET)
Today's Range
$44.91
$45.18
50-Day Range
$43.24
$46.66
52-Week Range
$34.35
$46.93
Volume
3.15 million shs
Average Volume
6.09 million shs
Market Capitalization
$29.25 billion
Assets Under Management
$28.99 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.

IAU Stock Price History

IAU ETF News Headlines

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Gold Joins the Trump Rally
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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
$28.99 billion
Average Daily Volume
$4.01 million
Discount/Premium
-0.06%

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
2,020
Put Options
593
Call Options
1,427
Short Interest
5,180,000 shs

Miscellaneous

Beta
0.19
Creation Unit
50,000
Creation Fee
$500.00
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iShares Gold Trust Expenses

TypeIAUGold ETFsCommodities ETFsNYSEARCA ETFsAll ETFs
Management Fee0.25%0.45%0.70%0.51%0.51%
Other Expenses0.00%0.06%0.36%0.59%0.54%
Total Expense0.25%0.47%0.87%0.74%0.71%
Fee Waiver0.00%-0.06%-0.73%-0.69%-0.59%
Net Expense0.25%0.46%0.67%0.58%0.59%

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:

  • Gold is considered a safe-haven asset, providing a hedge against economic uncertainty and inflation.
  • iShares Gold Trust offers exposure to the price movements of gold without the need to physically own and store the precious metal.
  • Recent market volatility has increased the demand for gold as a store of value, potentially driving up the price of gold and benefiting iShares Gold Trust investors.
  • Gold prices tend to have an inverse relationship with the value of the U.S. dollar, offering diversification benefits to a portfolio.
  • Investors can easily buy and sell shares of iShares Gold Trust on the stock exchange, providing liquidity and flexibility.

Cons

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

  • Gold prices can be volatile, leading to fluctuations in the value of iShares Gold Trust shares.
  • As a commodity-based investment, iShares Gold Trust is subject to market risks and may not generate income or dividends like traditional stocks.
  • Investors should carefully consider the current stock price of iShares Gold Trust and evaluate whether it aligns with their investment goals and risk tolerance.
  • Changes in global economic conditions, interest rates, or geopolitical events can impact the price of gold and consequently, the performance of iShares Gold Trust.
  • Investors should be aware of the fees associated with owning iShares Gold Trust, including management fees and expenses that can affect overall returns.
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, July 7, 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 this year?

iShares Gold Trust's stock was trading at $39.03 at the start of the year. Since then, IAU shares have increased by 15.5% and is now trading at $45.08.
View the best growth stocks for 2024 here
.

When did iShares Gold Trust's stock split?

iShares Gold Trust's stock reverse split on the morning of 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.

Who are iShares Gold Trust's major shareholders?

iShares Gold Trust's top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (2.80%), Proficio Capital Partners LLC (0.33%), Chevy Chase Trust Holdings LLC (0.25%) and Bank of New York Mellon Corp (0.23%).

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.
Compare Top Brokerages Here.

What other stocks do shareholders of iShares Gold Trust own?

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

This page (NYSEARCA:IAU) was last updated on 7/26/2024 by MarketBeat.com Staff

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