iShares Gold Trust $IAU Holdings Reduced by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,405 shares of the exchange traded fund’s stock after selling 7,528 shares during the period. iShares Gold Trust comprises 2.0% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 5th biggest holding. Meridian Investment Counsel Inc.’s holdings in iShares Gold Trust were worth $8,623,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IAU. BlackRock Inc. raised its holdings in shares of iShares Gold Trust by 1.3% in the 2nd quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock valued at $659,404,000 after purchasing an additional 109,246 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of iShares Gold Trust by 0.5% during the 4th quarter. Captrust Financial Advisors now owns 2,410,855 shares of the exchange traded fund’s stock worth $195,689,000 after purchasing an additional 11,014 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of iShares Gold Trust by 5.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock worth $165,455,000 after purchasing an additional 118,328 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of iShares Gold Trust by 19.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,999,238 shares of the exchange traded fund’s stock worth $162,278,000 after purchasing an additional 320,712 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares Gold Trust by 8.8% during the second quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock worth $138,941,000 after purchasing an additional 149,558 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 1.5%

Shares of IAU stock opened at $77.07 on Thursday. The company has a market cap of $60.78 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm has a fifty day moving average price of $81.55 and a 200 day moving average price of $82.20. iShares Gold Trust has a 12 month low of $73.74 and a 12 month high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Jefferies characterized gold’s recent weakness as a potential buying opportunity and forecast prices could reach $5,000 in 2027, supported by continued demand and healthy mining-sector margins. Gold’s weakness is a buying opportunity as Jefferies sees $5,000 price in 2027
• Positive Sentiment: UBP said gold may have absorbed much of the recent yield-driven selling. Easing rate-hike expectations, an improvement in geopolitical tensions and a possible Treasury gold revaluation could support bullion later this year. U.S. Treasury’s gold revaluation could restart the debasement trade
• Neutral Sentiment: Technical analysts are watching the $4,000–$4,200 area as an important demand zone. A hold could encourage stabilization, while a break below nearby support would signal additional downside risk for gold and IAU. Gold price forecast: Selling pressure threatens support
• Negative Sentiment: Gold fell below $4,100 after the inflation report, with rising yields, a stronger dollar and renewed Fed-tightening expectations weighing on demand. Gold falls below $4,100 as hot CPI boosts Fed hike bets
• Negative Sentiment: Analysts warned that a break below $4,066 could expose gold to support near $4,028 and $3,942, reinforcing the near-term technical pressure affecting IAU. Gold selling pressure threatens $4,066 support
• Negative Sentiment: Kazakhstan plans to sell part of its unusually large gold reserves, adding a potential source of supply and reducing support from central-bank buying. Kazakhstan plans gold sales as holdings reach 78% of reserves

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).