iShares Gold Trust $IAU Stake Lowered by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,534 shares of the exchange traded fund’s stock after selling 16,060 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares Gold Trust were worth $17,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new stake in iShares Gold Trust during the fourth quarter valued at $25,000. Monetary Solutions Ltd acquired a new position in iShares Gold Trust in the 4th quarter worth about $26,000. Rossby Financial LCC raised its stake in shares of iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Gables Capital Management Inc. raised its stake in shares of iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth about $29,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $74.99 on Thursday. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a 50-day simple moving average of $84.82 and a 200-day simple moving average of $87.68. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40.

Key iShares Gold Trust News

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

• Negative Sentiment: Gold broke below key technical support levels, including a long-term trendline and Fibonacci support, raising the risk of a deeper correction for bullion and gold-linked ETFs like IAU. Gold (XAU/USD) Price Forecast: Breakdown Signals Risk of Deeper Correction
• Negative Sentiment: Gold slipped below the $4,000 level, with multiple reports citing pressure from a stronger dollar, higher yields, and Fed rate-hike repricing. Gold breaks $4,000 as dollar rally pressures metals
• Negative Sentiment: ING and other banks cut gold forecasts as rising yields and dollar strength continue to hurt precious metals demand. ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices
• Neutral Sentiment: Some analysts argue the pullback may be a normal correction rather than the end of the longer-term gold bull market, suggesting the decline could eventually attract buyers. Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Neutral Sentiment: China’s gold imports surged to a 26-month high in May, showing strong physical demand that could help support prices over time. China gold imports hit 26-month high in May, up 76% YTD

iShares Gold Trust Company 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).