Hsbc Holdings PLC Sells 21,904 Shares of iShares Gold Trust $IAU

Hsbc Holdings PLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 624,498 shares of the exchange traded fund’s stock after selling 21,904 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of iShares Gold Trust worth $55,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Schmidt P J Investment Management Inc. raised its stake in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 106 shares in the last quarter. Foster Group Inc. boosted its stake in shares of iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 120 shares in the last quarter. Haverford Trust Co boosted its stake in shares of iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 120 shares in the last quarter. Evolution Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the last quarter. Finally, Brooks Moore & Associates Inc. increased its position in shares of iShares Gold Trust by 2.1% during the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after purchasing an additional 125 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold edged higher in Asian trade as physical demand, especially from China, and ongoing central bank buying continue to support the market. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could be nearing a cyclical bottom, with currency debasement expected to drive a move toward new highs later this year. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Neutral Sentiment: Several market commentaries noted that gold is being pulled between geopolitical demand from Middle East tensions and pressure from rising oil prices, firmer yields, and a stronger dollar, leaving the short-term trend uncertain. Gold (XAUUSD) Price Forecast: Passive Gold Buyers Face a Hawkish Fed Trade
• Negative Sentiment: StoneX said interest rates remain the key driver for precious metals and warned gold could face continued downside risk despite escalating Middle East conflict. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Gold has also been pressured by stronger Treasury yields and a firmer dollar, with traders still focused on the possibility of prolonged restrictive monetary policy. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

iShares Gold Trust Stock Down 0.2%

Shares of IAU stock opened at $75.35 on Tuesday. The company has a market capitalization of $62.23 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The firm has a 50-day moving average price of $80.41 and a 200 day moving average price of $87.00.

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).