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.
Basic Details
Issuer BlackRock
Fund NameiShares Gold Trust
Tax ClassificationGrantor Trust
SymbolNYSEARCA:IAU
Inception Date1/21/2005
Fund Manager
Phone+1-415-6704879
Fund Focus
Asset ClassCommodities
BenchmarkLondon Fix Gold PM PR USD
CategoryPrecious Metals
FocusGold
Development LevelBlended Development
RegionGlobal
Fund Statistics
Assets Under Management$12.23 billion
Average Daily Volume$14.92 million
Discount/Premium2.65%
ETF Expenses
Management Fee0.25%
Other Expenses0.00%
Total Expenses0.25%
Fee Waiver0.00%
Net Expenses0.25%
Administrator, Advisor and Custodian
Administrator
Advisor
CustodianJPMorgan Chase Bank, N.A., London Branch
Distributor
Transfer Agent
TrusteeThe Bank of New York Mellon Corporation
Lead Market MakerVirtu Financial
iShares Gold Trust (NYSEARCA:IAU) Frequently Asked Questions
What is iShares Gold Trust's stock symbol?
iShares Gold Trust trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "IAU."
Has iShares Gold Trust been receiving favorable news coverage?
News headlines about IAU stock have trended neutral recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. iShares Gold Trust earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media stories about the exchange traded fund a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Are investors shorting iShares Gold Trust?
iShares Gold Trust saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 7,142,195 shares, a drop of 39.5% from the January 15th total of 11,807,002 shares. Based on an average trading volume of 15,454,160 shares, the days-to-cover ratio is presently 0.5 days. View iShares Gold Trust's Current Options Chain.
Who are iShares Gold Trust's key executives?
iShares Gold Trust's management team includes the folowing people:
- 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
Who are iShares Gold Trust's major shareholders?
iShares Gold Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.06%), Bank of America Corp DE (2.82%), Personal Capital Advisors Corp (1.44%), CENTRAL TRUST Co (0.43%), Cohen & Steers Inc. (0.38%) and Moon Capital Management LP (0.35%).
Which institutional investors are selling iShares Gold Trust stock?
IAU stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of America Corp DE, Adventist Health System Sunbelt Healthcare Corp, First Command Bank, First Command Financial Services Inc., Guardian Life Insurance Co. of America, American Investment Services Inc. and Fiduciary Trust Co..
Which institutional investors are buying iShares Gold Trust stock?
IAU stock was purchased by a variety of institutional investors in the last quarter, including Elephas Investment Management Ltd, Bailard Inc., Tocqueville Asset Management L.P., Mader & Shannon Wealth Management Inc., JNBA Financial Advisors, Cadinha & Co. LLC, MACRO Consulting Group and Personal Capital Advisors Corp.
How do I buy shares of iShares Gold Trust?
Shares of IAU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is iShares Gold Trust's stock price today?
One share of IAU stock can currently be purchased for approximately $12.66.
How big of a company is iShares Gold Trust?
iShares Gold Trust has a market capitalization of $12.70 billion.
What is iShares Gold Trust's official website?
How can I contact iShares Gold Trust?
iShares Gold Trust's mailing address is 400 Howard St, SAN FRANCISCO, CA 94105, United States. The exchange traded fund can be reached via phone at +1-415-6704879.
MarketBeat Community Rating for iShares Gold Trust (NYSEARCA IAU)
MarketBeat's community ratings are surveys of what our community members think about iShares Gold Trust and other stocks. Vote "Outperform" if you believe IAU will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IAU will underperform the S&P 500 over the long term. You may vote once every thirty days.
