WealthShield Partners LLC reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 40.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 25,514 shares of the exchange traded fund’s stock after selling 17,191 shares during the quarter. WealthShield Partners LLC’s holdings in iShares Gold Trust were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in iShares Gold Trust during the fourth quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $26,000. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the 1st quarter worth about $26,000. Fairway Wealth LLC lifted its position in shares of iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 252 shares during the last quarter. Finally, Rossby Financial LCC boosted its holdings in shares of iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 140 shares during the period. 59.67% of the stock is currently owned by institutional investors.
Key Stories Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Central banks, including Poland’s, are still buying gold on dips, reinforcing a strong underlying demand backdrop for bullion-backed funds like IAU. Poland’s central bank is buying the dip as gold’s biggest buyers aren’t backing down
- Positive Sentiment: Several analysts say gold’s selloff may be a pause rather than a trend break, with support holding and a possible rebound if bulls reclaim resistance. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
- Positive Sentiment: Longer-term commentary remains constructive, with some strategists arguing the recent correction has created a buying opportunity and that gold still belongs in portfolios. Gold’s selloff is just a pause in a secular bull market, miners now undervalued – Ninepoint’s Wachowiak
- Neutral Sentiment: Gold is trying to stabilize after a sharp drop, but traders are waiting for CPI and other economic signals before committing to a bigger move in either direction. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
- Neutral Sentiment: Technical outlooks are mixed, with gold testing resistance after a correction and facing risk of further downside if support fails. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On Rising Treasury Yields
- Negative Sentiment: Rising Treasury yields and a firm U.S. dollar are weighing on gold prices, which is the main near-term headwind for IAU. Gold Defends $4,000 Level as Strong Dollar Caps Gains
iShares Gold Trust Price Performance
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).
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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