NewEdge Advisors LLC Sells 450,450 Shares of iShares Gold Trust $IAU

NewEdge Advisors LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 38.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 727,251 shares of the exchange traded fund’s stock after selling 450,450 shares during the period. NewEdge Advisors LLC owned 0.09% of iShares Gold Trust worth $64,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC grew its position in shares of iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. raised its position in shares of iShares Gold Trust by 35.7% in the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after buying an additional 1,019,135 shares during the period. Orion Porfolio Solutions LLC boosted its stake in iShares Gold Trust by 503.7% during the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after buying an additional 776,215 shares during the period. Finally, VCU Investment Management Co bought a new stake in iShares Gold Trust during the fourth quarter valued at $61,835,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.0%

iShares Gold Trust stock opened at $79.87 on Friday. The stock has a market cap of $65.96 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a 50-day simple moving average of $78.17 and a 200 day simple moving average of $86.32. iShares Gold Trust has a 52 week low of $62.48 and a 52 week high of $104.40.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold’s breakout above $4,200 and move toward a seven-week high has improved technical momentum. Analysts see potential for further gains, with targets as high as $4,494 and a longer-term forecast of $5,000. Gold Price Forecast: Reversal Opens Path Toward $4,494
• Positive Sentiment: July marked a return to net inflows for gold-backed ETFs after two months of outflows, suggesting renewed institutional and investor demand that could benefit IAU. Gold Market Sees Positive ETF Inflows in July
• Positive Sentiment: Research firms continue to identify a favorable long-term backdrop from potentially peaking real yields, possible dollar weakness, central-bank buying, debt concerns and de-dollarization. Softer private-sector employment data also reduced expectations for additional Federal Reserve tightening. BCA Sees Bullish Opportunity as Real Yields Peak
• Neutral Sentiment: Friday’s U.S. nonfarm-payrolls report is the next major catalyst. Weak employment data could reinforce expectations for easier Fed policy and support gold, while a strong report could pressure bullion. NFP Outlook Keeps Bullion Rally in Focus
• Negative Sentiment: Gold pulled back after its breakout as investors took profits. Rising Treasury yields, a firmer U.S. dollar and higher oil prices increased the opportunity cost of holding a non-yielding asset, limiting IAU’s upside. Investors Take Profits in Gold and Silver
• Negative Sentiment: Progress or reduced tensions surrounding Strait of Hormuz negotiations weakened gold’s geopolitical safe-haven premium, while resilient U.S. jobless-claims data signaled that the economy remains relatively firm. Gold Steadies as Claims Beat and Hormuz Talks Trim Haven Bid

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).