Town Capital LLC Reduces Position in iShares Gold Trust $IAU

Town Capital LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 47.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,689 shares of the exchange traded fund’s stock after selling 8,867 shares during the quarter. Town Capital LLC’s holdings in iShares Gold Trust were worth $854,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IAU. Concurrent Investment Advisors LLC lifted its stake 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 buying an additional 2,008,288 shares in the last quarter. Citigroup Inc. boosted its holdings in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in iShares Gold Trust by 18.3% in the 4th 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 buying an additional 1,019,135 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in iShares Gold Trust by 503.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after buying an additional 776,215 shares in the last quarter. Finally, VCU Investment Management Co bought a new stake in iShares Gold Trust during the 4th quarter valued at $61,835,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $76.17 on Monday. The stock has a market capitalization of $62.91 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The company’s fifty day simple moving average is $78.68 and its two-hundred day simple moving average is $86.56. iShares Gold Trust has a 1 year low of $61.99 and a 1 year high of $104.40.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).