6,839 iShares Gold Trust $IAU Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 29.6% in the third quarter, HoldingsChannel.com reports. The fund owned 16,289 shares of the exchange traded fund’s stock after selling 6,839 shares during the period. MFA Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Crumly & Associates Inc. boosted its position in iShares Gold Trust by 6.7% during the third quarter. Crumly & Associates Inc. now owns 5,117 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 320 shares during the period. Asempa Wealth Advisors grew its position in iShares Gold Trust by 3.6% in the third quarter. Asempa Wealth Advisors now owns 16,792 shares of the exchange traded fund’s stock worth $1,318,000 after acquiring an additional 587 shares in the last quarter. Stewardship Concepts Financial Services LLC increased its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Stewardship Concepts Financial Services LLC now owns 55,255 shares of the exchange traded fund’s stock valued at $4,315,000 after purchasing an additional 1,571 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of iShares Gold Trust by 81.0% in the 3rd quarter. Bangor Savings Bank now owns 447 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Finally, Colton Groome Financial Advisors LLC bought a new stake in iShares Gold Trust during the 3rd quarter valued at $422,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.7%

Shares of IAU traded down $1.31 during trading hours on Wednesday, reaching $77.06. 3,374,903 shares of the company traded hands, compared to its average volume of 9,367,268. The company’s fifty day moving average price is $81.47 and its two-hundred day moving average price is $82.39. The company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12 month low of $73.74 and a 12 month high of $104.40.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: China’s central bank purchased 21 tonnes of gold in September, lifting its reserves to 2,196 tonnes and extending its buying streak to 23 consecutive months. The purchase was its largest monthly increase in three years, reinforcing expectations that official-sector demand can support gold prices and IAU over time. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: Central banks added 39 net tonnes to their gold reserves in August, led by China, Uzbekistan and Poland. Continued reserve diversification and demand for gold as a geopolitical and financial hedge offer fundamental support for the iShares Gold Trust. Central banks add 39 net tonnes of gold in August
• Neutral Sentiment: Gold briefly rebounded as the dollar and long-term Treasury yields pulled back, but analysts say the metal remains highly sensitive to interest-rate moves. Key support near $4,100–$4,104 could determine whether a short-term bounce develops or the correction continues. Gold rebounds as dollar pulls back from yearly highs
• Negative Sentiment: Gold extended its decline toward $4,066, with technical analysts warning that sellers remain in control and that a break below major support could deepen the downturn. This is the most direct near-term explanation for weakness in IAU. Gold price forecast: bearish trend deepens
• Negative Sentiment: Rising Treasury yields and a stronger dollar have pressured gold, while upcoming Federal Reserve minutes and a 10-year Treasury auction could reinforce expectations for higher-for-longer interest rates. Higher yields increase the opportunity cost of holding non-income-producing gold. Gold slides as Fed minutes and 10-year auction test buyers

iShares Gold Trust Company Profile

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).