IAU Stock Summary and Trading Ideas (iShares Gold Trust Shares Of The iShares Gold Trust | ARCA:IAU)

The iShares Gold Trust (Trust) seeks to correspond generally to the day-to-day movement of the price of gold bullion. The objective of the Trust is for the value to reflect at any given time the price of gold owned by the Trust at that time less the expenses and liabilities of the Trust.

iShares Gold Trust Shares Of The iShares Gold Trust trades on the ARCA stock market under the symbol IAU.

As of April 25, 2024, IAU stock price climbed to $44.11 with 7,996,152 million shares trading.

IAU has a beta of 0.00, meaning it tends to be less sensitive to market movements. IAU has a correlation of 0.00 to the broad based SPY ETF.

IAU has a market cap of $28.74 billion. This is considered a Large Cap stock.

In the last 3 years, IAU stock traded as high as $45.98 and as low as $30.69.

IAU stock has underperformed the market in the last year with a return of +17.0%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IAU shares. However, IAU has outperformed the market in the last 3 month and 2 week periods, returning +15.8% and +0.2%, while SPY returned +4.1% and -2.1%, respectively. This indicates IAU has been having a stronger performance recently.

IAU support price is $43.39 and resistance is $44.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IAU stock will trade within this expected range on the day.