FMR LLC & Abigail Johnson Trim iShares Gold Trust Stake to 3.393%
Ticker: IAU · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1278680
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, gold-etf, ownership-change
TL;DR
**FMR LLC and Abigail Johnson now own 3.393% of iShares Gold Trust, a slight decrease.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in iShares Gold Trust (CUSIP #464285204) to 3.393% as of February 9, 2024. This represents beneficial ownership of 22,974,434 shares. This filing indicates a slight decrease in their reported percentage ownership from previous filings, which could signal a minor shift in their investment strategy regarding gold, potentially impacting investor sentiment for those holding or considering this gold ETF.
Why It Matters
This filing shows that a significant institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their proportional ownership in the iShares Gold Trust, which could influence other investors' perceptions of the gold market or this specific ETF.
Risk Assessment
Risk Level: low — This filing indicates a minor adjustment in a large institutional holding, not a drastic change that would significantly impact the company's operations or stock price.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, has slightly adjusted its position in iShares Gold Trust. While not a dramatic change, it's worth monitoring future filings for any significant increases or decreases that could signal a stronger conviction about gold's outlook.
Key Numbers
- 22,974,434 — Shares Beneficially Owned (Total shares of iShares Gold Trust held by FMR LLC and Abigail P. Johnson as of February 9, 2024.)
- 3.393% — Percentage of Class (The proportion of iShares Gold Trust's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- iShares Gold Trust (company) — issuer of the securities
- BlackRock Inc. (company) — issuer's principal executive offices are located here
- 22,974,434 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 3.393% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, though potentially fluctuating, stake in iShares Gold Trust. (FMR LLC) — high confidence, target: 2025-02-09
- The iShares Gold Trust will continue to be a key holding for institutional investors seeking gold exposure. (iShares Gold Trust) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson in iShares Gold Trust?
FMR LLC and Abigail P. Johnson beneficially own 22,974,434 shares of iShares Gold Trust, as reported in Item 9 for both reporting persons and Item 4(a) for FMR LLC.
What percentage of the iShares Gold Trust's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 3.393% of the iShares Gold Trust's common stock, as indicated in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
What is the CUSIP number for the iShares Gold Trust common stock mentioned in this filing?
The CUSIP number for the iShares Gold Trust common stock is 464285204, as stated at the beginning of the Schedule 13G Amendment No.2 and in Item 2(e).
Where are the principal executive offices of the iShares Gold Trust located?
The principal executive offices of the iShares Gold Trust are located at BlackRock Inc., 400 Howard Street, San Francisco, CA 94105 US, according to Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ISHARES GOLD TRUST (IAU).