Sage Rhino Capital LLC Sells 105,999 Shares of iShares Gold Trust $IAU

Sage Rhino Capital LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 35.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,691 shares of the exchange traded fund’s stock after selling 105,999 shares during the period. iShares Gold Trust makes up approximately 3.2% of Sage Rhino Capital LLC’s holdings, making the stock its 6th largest holding. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $17,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Schmidt P J Investment Management Inc. raised its holdings in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares during the last quarter. Foster Group Inc. raised its stake in shares of iShares Gold Trust by 2.4% during the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 120 shares during the last quarter. Haverford Trust Co boosted its position in shares of iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after buying an additional 120 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares during the last quarter. Finally, Brooks Moore & Associates Inc. grew its stake in iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after acquiring an additional 125 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU traded down $0.34 during midday trading on Tuesday, reaching $77.95. 897,653 shares of the company’s stock were exchanged, compared to its average volume of 11,505,006. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40. The stock has a market capitalization of $64.38 billion, a PE ratio of 5.53 and a beta of 0.18. The business’s 50-day moving average price is $82.69 and its 200 day moving average price is $87.48.

More iShares Gold Trust News

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

• Positive Sentiment: Gold prices are holding above key support levels, helped by softer U.S. labor data, which is boosting hopes for easier Fed policy and supporting bullion-backed ETFs like IAU. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Positive Sentiment: Market commentary says official-sector demand and constrained mine supply continue to underpin gold, reinforcing the long-term bullish case for gold exposure. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Positive Sentiment: Analysts maintained a bullish longer-term outlook, with one note keeping a $4,600 gold target on expectations that central banks may ramp up buying. Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying
• Neutral Sentiment: Several reports suggest gold is consolidating after a strong run, with traders watching Fed minutes and U.S. economic data for the next directional catalyst. Gold Falls as Investors Await Fed Minutes
• Negative Sentiment: Gold has also faced resistance near the $4,200 area, and a firmer dollar and higher Treasury yields have recently pressured prices, which can weigh on IAU in the near term. Gold slips as Fed minutes loom, Hormuz risk eases oil shock – Kitco AM Report

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).