iShares Gold Trust $IAU Stock Position Reduced by Dahring Cusmano LLC

Dahring Cusmano LLC cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,638 shares of the exchange traded fund’s stock after selling 6,337 shares during the period. iShares Gold Trust makes up 2.8% of Dahring Cusmano LLC’s holdings, making the stock its 10th biggest holding. Dahring Cusmano LLC’s holdings in iShares Gold Trust were worth $4,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its position in iShares Gold Trust by 1.5% in the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after buying an additional 456,140 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after acquiring an additional 6,623,876 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after acquiring an additional 2,245,617 shares during the last quarter. UBS Group AG raised its stake in shares of iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after acquiring an additional 561,489 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after acquiring an additional 148,881 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $87.54 on Friday. iShares Gold Trust has a fifty-two week low of $59.71 and a fifty-two week high of $104.40. The company has a 50 day moving average price of $89.45 and a 200 day moving average price of $86.63. The stock has a market capitalization of $74.53 billion, a P/E ratio of 5.53 and a beta of 0.16.

More iShares Gold Trust News

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

• Positive Sentiment: Gold is still finding support from safe-haven demand and geopolitical uncertainty, with several reports noting the metal holding near very high levels and defending key support zones. Gold firms near $4,700, silver slips as Hormuz talks steady oil – Kitco AM Report
• Positive Sentiment: Weekly U.S. jobless claims rose, which can reinforce the case for eventual easier policy and support gold demand. Spot gold approaching session high after U.S. weekly jobless claims rise to 211k
• Neutral Sentiment: Gold is described as being in a tightening range near a possible breakout zone, suggesting the ETF may stay sensitive to the next macro catalyst rather than trend decisively on its own. Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone
• Negative Sentiment: Hot inflation readings and rising yields have recently weighed on gold, with analysts saying the stronger dollar is also pressuring bullion and weakening momentum. Gold News: Gold Price Struggles as Dollar Rally Extends to Four Days
• Negative Sentiment: Another report said gold weakened after a producer-price shock and higher Treasury yields, reinforcing the near-term headwind for gold-backed funds like IAU. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields

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).