iShares Gold Trust $IAU Position Lowered by Equitable Trust Co.

Equitable Trust Co. decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.8% in the first quarter, Holdings Channel.com reports. The fund owned 1,702,312 shares of the exchange traded fund’s stock after selling 48,941 shares during the period. iShares Gold Trust comprises about 6.9% of Equitable Trust Co.’s holdings, making the stock its 2nd biggest position. Equitable Trust Co.’s holdings in iShares Gold Trust were worth $150,076,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in iShares Gold Trust in the 3rd quarter valued at $193,639,000. Concurrent Investment Advisors LLC boosted its holdings in shares of iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after purchasing an additional 2,008,288 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after purchasing an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after purchasing an additional 1,019,135 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in shares of iShares Gold Trust by 503.7% during the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after purchasing an additional 776,215 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Gold rebounded above $4,100/oz as Middle East tensions, safe-haven demand, and better-than-expected jobless claims supported prices. Spot gold trades above $4,100/oz as U.S. weekly jobless claims hold at 215k
• Positive Sentiment: Analysts say gold still belongs in portfolios, and that recent weakness may be a buying opportunity as long-term commodity demand stays intact. Gold still belongs in portfolios, but AI and the green transition are creating bigger opportunities elsewhere in commodities – FTSE Russell
• Positive Sentiment: Some strategists view the recent gold selloff as a pause in a secular bull market, noting that bullion and miners may be undervalued after the pullback. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
• Neutral Sentiment: Gold may stay rangebound through the summer if hawkish Fed policy, firm Treasury yields, and a strong dollar continue to cap upside. Gold prices will be rangebound through the summer – Metals Focus
• Neutral Sentiment: Technical traders say gold is trying to reverse higher, but confirmation still depends on reclaiming key resistance levels. Gold (XAU/USD) Price Forecast: Bullish Reversal Tests Key Resistance Levels
• Negative Sentiment: Hawkish Fed minutes, higher yields, and rising oil prices have pressured gold at times this week, showing that macro headwinds are still in play. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
• Negative Sentiment: ETF outflows and fears of a prolonged “death cross” suggest some investors are still reducing gold exposure. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation

iShares Gold Trust Trading Up 1.0%

Shares of IAU stock opened at $77.51 on Friday. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The stock’s 50-day moving average price is $82.05 and its 200-day moving average price is $87.39. The stock has a market capitalization of $64.02 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

About iShares Gold Trust

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).