Royal Bank of Canada Has $337.03 Million Stock Holdings in iShares Gold Trust $IAU

Royal Bank of Canada trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,822,912 shares of the exchange traded fund’s stock after selling 77,649 shares during the period. Royal Bank of Canada owned about 0.45% of iShares Gold Trust worth $337,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IAU. Envision Financial Planning LLC lifted its holdings in shares of iShares Gold Trust by 9.8% during the 1st quarter. Envision Financial Planning LLC now owns 5,667 shares of the exchange traded fund’s stock valued at $500,000 after buying an additional 506 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in iShares Gold Trust by 2,642.1% in the first quarter. Glen Eagle Advisors LLC now owns 21,800 shares of the exchange traded fund’s stock worth $1,922,000 after buying an additional 21,005 shares during the last quarter. Quantinno Capital Management LP raised its position in iShares Gold Trust by 53.7% during the first quarter. Quantinno Capital Management LP now owns 91,773 shares of the exchange traded fund’s stock valued at $8,091,000 after acquiring an additional 32,075 shares in the last quarter. Family Manage LLC raised its position in iShares Gold Trust by 4.1% during the first quarter. Family Manage LLC now owns 68,017 shares of the exchange traded fund’s stock valued at $5,996,000 after acquiring an additional 2,688 shares in the last quarter. Finally, Cardiff Park Advisors LLC lifted its stake in iShares Gold Trust by 3.2% in the first quarter. Cardiff Park Advisors LLC now owns 32,370 shares of the exchange traded fund’s stock valued at $2,854,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.4%

NYSEARCA IAU opened at $76.04 on Thursday. The stock has a market capitalization of $62.80 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The company has a 50 day moving average price of $79.01 and a two-hundred day moving average price of $86.68.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold prices rallied modestly after the Fed held rates steady, providing near-term support for IAU. The decision reduced immediate fears of another rate increase, although the Fed retained a tightening bias. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Technical analysts see early signs of a bullish reversal after gold defended key support, with a breakout above resistance potentially opening the way for further gains. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Retail demand for physical and digital precious metals is beginning to recover after a prolonged correction, suggesting dip-buying interest that could help stabilize gold and support IAU. Retail investors buy the dip as Royal Mint reports solid demand
• Neutral Sentiment: Gold held above the psychologically important $4,000-per-ounce level, but traders remain defensive and volatility could increase as markets assess the Fed’s guidance, bond yields and geopolitical developments. Gold holds above $4,000 as Fed decision keeps traders defensive
• Negative Sentiment: A hawkish monetary-policy backdrop, elevated yields and expectations that rates may remain higher for longer continue to pressure gold, limiting IAU’s upside. Gold drops amid hawkish monetary policy backdrop
• Negative Sentiment: Continued selling of unwanted gold jewelry indicates that consumers are taking advantage of elevated prices, while analysts warn gold could remain range-bound or under pressure amid the Iran conflict and inflation uncertainty. Investors are still cashing in unwanted gold jewelry

iShares Gold Trust 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).