Sovran Advisors LLC Sells 13,964 Shares of iShares Gold Trust $IAU

Sovran Advisors LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 19.5% in the 1st quarter, Holdings Channel reports. The firm owned 57,677 shares of the exchange traded fund’s stock after selling 13,964 shares during the period. Sovran Advisors LLC’s holdings in iShares Gold Trust were worth $5,009,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new stake in iShares Gold Trust in the third quarter valued at approximately $193,639,000. Concurrent Investment Advisors LLC grew its stake in iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after buying an additional 2,008,288 shares in the last quarter. Citigroup Inc. increased its holdings in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 worth $535,396,000 after buying an additional 1,019,135 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of 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 worth $58,015,000 after buying an additional 776,215 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

Key iShares Gold Trust News

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 Trading Down 0.3%

Shares of iShares Gold Trust stock traded down $0.25 on Friday, hitting $77.26. 2,747,659 shares of the company traded hands, compared to its average volume of 11,348,428. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The company has a market cap of $63.81 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm’s 50-day simple moving average is $81.89 and its 200 day simple moving average is $87.31.

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).